2024-08-19-莱坊-Warehouse_market_Emerging_markets_Q1_2024_3页_1mb

报告摘要

Warehouse Market Summary - Q1 2024

Core Content

This document provides an overview of the warehouse market in Emerging Markets within Poland, focusing on supply, demand, vacancy rates, and rental trends for the first quarter of 2024.

Key Market Statistics

Total Existing Warehouse Stock: 5.0 million square meters, representing 15% of Poland's total warehouse stock.
New Supply (Q1 2024): 60,000 square meters, with two facilities completed:
- Panattoni Park Piña: 38,000 sq m
- MLP Gorzów Wielkopolski: 21,500 sq m
Supply Under Construction (Q1 2024): 265,000 square meters, with the largest facility being Panattoni Park Bolesławiec (49,500 sq m).
Leasing Activity (Q1 2024): 50,000 square meters, indicating a notable slowdown in demand.
Vacancy Rate (Q1 2024): 10.2%, reflecting a 2.5 percentage point increase compared to the previous year.
Asking Rents (Warehouse): EUR 3.50–4.50 per square meter per month, unchanged from the previous quarter.
Asking Rents (Office): EUR 10.00–11.50 per square meter per month.
Service Charge: PLN 4.00–7.00 per square meter per month.
Rent-Free Period: 1–1.5 months.

Key Regions

The warehouse market in Emerging Markets is concentrated in the following regions:

Bydgoszcz: 680,000 sq m
Lublin: 420,000 sq m
Rzeszów: 405,000 sq m
Świebodzin: 370,000 sq m
Zielona Góra: 270,000 sq m

These areas are characterized by:

Strong communication infrastructure
Access to a skilled workforce
Lower unemployment rates compared to main logistics hubs
Improved accessibility due to the integration of international transport routes such as Via Baltica and Via Carpatia

Trends and Analysis

Supply Growth: A significant decrease in new supply compared to the previous year, with a 90% drop in the first quarter of 2024.
Leasing Activity: A decline in tenant interest, with only 50,000 sq m leased in Q1 2024.
Vacancy Rate: Increased due to reduced demand, reaching 10.2% by the end of the quarter.
Developer Behavior: Developers are cautious, with only two facilities starting construction between January and March 2024.

Economic Context

Population of Poland: 37.8 million
Area of Poland: 313,930 square kilometers
Unemployment Rate (Q1 2024): 5.3%
Average Monthly Salary (Enterprise Sector): PLN 8,100 (gross)
Average Monthly Salary (Transportation and Storage Sector): PLN 7,600 (gross)

Infrastructure Development

Highways:
- Kujawsko-Pomorskie: 170 km (A1)
- Opolskie: 90 km (A2)
- Lubuskie: 90 km (A2)
Expressways:
- Lubelskie: 90 km (S12)
- Podlaskie: 90 km (S61)

Contact Information

Knight Frank Poland: +48 22 596 50 50
Website: www.KnightFrank.com.pl

Research Team

Research Lead: Dorota Lachowska (dorota.lachowska@pl.knightfrank.com)
Industrial Agency: Przemysław Jankowski (przemyslaw.jankowski@pl.knightfrank.com)
Capital Markets: Krzysztof Cipiur (krzysztof.cipiur@pl.knightfrank.com)
Valuation & Advisory: Małgorzata Krzystek (malgorzata.krzystek@pl.knightfrank.com)

Disclaimer

This report is for general information only and should not be relied upon for any decision-making. Knight Frank does not accept any responsibility or liability for losses or damages arising from its use. Reproduction of this report is not allowed without prior written permission.