Stable demand for warehouses in Eastern Poland
According to data from the consulting company Colliers, tenant activity in the Eastern Region of Poland continued. In 2020, 130,500 sqm were leased there, only by 100 sqm less than in 2019. The structure was dominated by new contracts, which covered 85% of the space leased, the Warsaw Business Journal reports.
The East is a relatively young and still developing warehouse market. The region mainly covers three voivodeships: Podlaskie, Lubelskie and Podkarpackie. In the Eastern Region, the supply of modern warehouse space is concentrated mainly in Lublin, Rzeszów, Białystok, and their vicinity. Stocks of warehouses are also located in cities such as Tarnobrzeg and Tarnów (located in the Lesser Poland Voivodeship).
"Most warehouses in the East are invariably located in Lublin. At the end of Q4 2020, the total supply of this type of space here amounted to 241,000 sqm, which accounted for approx. 41% of the total supply in Eastern Poland. The new investments completed last year consisted of 15,000 sqm as part of two halls included in Panattoni Park Lublin III. The city is also the leader in terms of space under construction – as much as 92% out of 99,000 sqm investments in the East are located in Lublin," Dominika Jędrak, director of the advisory and market research department at Colliers, said.
Rzeszów is second in the region in terms of the total supply of modern warehouse space with 176,300 sqm. In 2020, resources increased here by 60,500 sqm and thus the share of this market in the total supply in the East increased from 22% in 2019 to 30%.
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