Approximately €2.2 billion was invested in warehouse assets in Poland between January and November, setting an all-time record, according to JLL.
Occupier demand was also strong. “The Polish industrial sector is progressing well in 2020. Gross demand at the end of the third quarter was a solid 3.4 million sq m,” said Tomasz Mika, head of industrial Poland, JLL.
“Over 75% of total demand was related to new contracts and expansions,” he added. “Excellent location, the quality of delivered warehouse space and the maturity of the Polish market are appreciated by tenants and developers, which bodes well for the future.”
The country’s most active market during the period was Upper Silesia, where new take-up reached 565,000 sq m. Next was Warsaw, where tenants signed new deals and expansions for over 510,000 sq m.
Central Poland, Wrocław, Tri-City, Poznań and Lubuskie all saw new demand exceed 200,000 sq m. In total, deals signed in the Big Five markets accounted for more than 70% of 2020’s total net take-up.