2024-11-12-莱坊-Warehouse_market_Central_Poland_Q2_2024_4页_1mb

Market Overview: Central Poland is the third-largest warehouse market in Poland, with 4.7 million square meters of warehouse stock at the end of Q2 2024, accounting for 14% of the country's total supply. This region is attractive to logistics operators and retail chains due to its strategic location, including a rail link to Chengdu, China, and proximity to major highways like A1 and A2, which support logistics development.

Supply Trends: Warehouse supply growth slowed in H1 2024, with developers delivering 150,000 square meters—a 33% decrease from the same period last year. Under construction inventory stands at 320,000 square meters, with 45% leased. Key projects include the 57,200-square-meter Tuszyn Warehouse Park, signaling a cautious approach among developers.

Demand and Leasing: Leased space increased 44% year-over-year to 415,000 square meters in H1 2024, driven by strong activity in Q2 (234,000 square meters leased). Lease terms show a mix of renewals (47%) and new contracts (44%), with minimal expansion (9%). Asking rents remained stable during Q2 2024, while vacancy rose to 10.8% due to newly completed, unleased modern facilities.

Infrastructure and Economic Factors: The region benefits from three intermodal terminals in Łódź and Stryków, as well as the growing Konin area near the A1 highway. Economic data, such as high average monthly salaries and low unemployment rates in Łódźkie Voivodeship, support the logistics sector's growth. Highways and rail links enhance connectivity, contributing to the market's appeal.

Conclusion: Despite slowing supply and rising vacancy, demand remains strong. Developers' conservative stance on new investments contrasts with increased tenant activity, highlighting a regional recovery in Central Poland's warehouse market.