- Demand data for the first half of 2024 indicate an increase of 21%. on an annual basis.
- The supply of new warehouse space is stabilizing, with over 32.8 million sq m currently on the market, i.e. by 9%. more than in the same period a year ago.
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A business park in Zabrze is growing 
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Warehouse for textiles and household chemicals. New tenant of CTPark Warsaw North
Warehouses are in demand again
– The warehouse market, after a boom in recent years and a decline last year, is slowly starting to return to an upward trend. A very positive sign is the large increase in interest in renting space by tenants, comparing year to year it is an increase of as much as 21%. In the first half of the year, over 2.7 million sq m were leased in Poland. warehouse space. The main drivers of this demand were companies from the 3PL and manufacturing sectors, although e-commerce is also present. In the near future, we expect a return to increased interest in this type of space from tenants and greater stabilization on the market, says Michał Śniadała, director and head of the warehouse and industrial space department at CBRE.
Currently, 2 million sq m are being built in Poland. new warehouse space. However, developers increasingly decide to suspend the process of building new facilities on a speculative basis, i.e. without securing the investment with an appropriate number of lease agreements. New supply in the first half of 2024 amounted to 1.6 million sq m. and it is 64 percent lower than in the same period of the previous year. However, the total supply of warehouse space is still growing at a moderate pace and currently stands at 32.8 million sq m.
Where tenants are looking for warehouse space
In the first half of the year, over 2.7 million sq m were leased in Poland. warehouse space, that's 21%. more than in the same period a year earlier. The regions of Wrocław, Katowice, Łódź, Bydgoszcz and Toruń enjoyed the greatest interest.
However, in some regions of Poland there has been an oversupply of space, which has resulted in the suspension of new investments. Currently, in the main regions the vacancy rate is in the range of 6-10%, and the average vacancy rate in Poland is 8.3%.
A very positive phenomenon is the stabilization of rent levels on the market. After a rapid and quite significant increase in 2022, base rents stabilized in 2023 and will remain stable in the coming months.
