2024-10-14-莱坊-Warehouse_market_Lower_Silesia_Q2_2024_4页_1mb

Lower Silesia Warehouse Market Summary

Market Position

Lower Silesia is ranked as the fourth-largest warehouse hub in Poland, leveraging extensive road infrastructure for fast connections to the Czech Republic and Germany.

Key Statistics

• Total warehouse stock reached 3.9 million square meters by the end of Q2 2024, accounting for 11% of Poland's overall warehouse inventory.

Growth and Supply

• Warehouse stock increased by nearly 12% year-over-year.
• From January to June 2024, over 370,000 square meters of new warehouse space was delivered, an 18% rise compared to the same period in 2023.
• Construction pipeline includes 520,000 square meters, with the largest project being a 265,000 square meter development at P3 Wrocław Park.

Take-up and Occupancy

• Total take-up in H1 2024 was 525,000 square meters, marking an 86% increase year-over-year.
• The vacancy rate ended Q2 at 6.9%, up 1.8 percentage points from the previous year.

Rent and Leasing

• Asking rents for warehouse space averaged €4.70 per square meter per month in Q2 2024.
• Lease structure in H1 2024: 54% contract renewals, 41% new leases, and 5% expansions.

Infrastructure and Key Features

• Hosting two intermodal terminals located in Kąty Wrocławskie and Brzeg Dolny, boosting logistics capabilities.
• Development focus on areas surrounding Wrocław, such as Bielany Wrocławskie and Kąty Wrocławskie, with ongoing projects like Hillwood LCube Wrocław East and Panattoni Park Wrocław Logistics South Hub, many of which are leased pre-construction.

Context

The region benefits from high economic activity, including transportation and storage industries with strong workforce and salary levels. Overall market activity is dynamic, with cautious investment approaches among developers.