Last year saw record levels of new warehouse supply
Net take-up, or new leases, came to 5.8 million sq m in the last 12 months, up by 68% compared to 2020. Robust occupier demand for warehouse space was driven by the need to diversify logistics chains to meet the requirements of e-commerce and by congested global supply chains pushing many companies to increase inventory levels.
“The last five years alone saw 12.5 million sq m of new warehouse space come on stream, accounting for over 50% of the entire Polish stock. As a result, modern warehouses meeting the highest standards and requirements dominate, which sets Poland apart from Western European markets, where much older and non-class A warehouse space makes up a substantial proportion of stock,”
-comments Damian Kołata, Partner, Head of Industrial & Logistics Agency Poland, Head of E-Commerce CEE, Cushman & Wakefield.
Poland has over 7 million sq m of warehouse space dedicated to e-commerce
The volume of warehouse space dedicated to the e-commerce sector in Poland has increased from 3.9 million sq m in 2019 to the current 7.35 million sq m, representing an 84% increase over the last three years. Such space now accounts for 30.7% of Poland’s total warehouse stock, up by 6.2 pp from 24.5% in 2019.
The largest volumes of warehouse space dedicated to online fulfilment are in Lower Silesia (1,445,000 sq m), Łódzkie (1,046,000 sq m) and Silesia (1,032,000 sq m) as these regions benefit from their proximity to foreign markets. Such warehouse facilities are located along the S3 route in western Poland, including in Legnica, Głogów, Zgorzelec, Słubice, Rokitno, Świebodzin, Zielona Góra, and Gorzów Wielkopolski.
Lower Silesia, Greater Poland and Silesia with the highest growth in warehouse space dedicated to e-commerce
Of all the regions, western Poland has seen the strongest growth in warehouse space dedicated to e-commerce compared to 2021. Lower Silesia is the leader in terms of new supply with 729,000 sq m of such warehouse space delivered to the market, which represents an increase of 102%. It is followed by Greater Poland (579,000 sq m) and Silesia (411,000 sq m), whose warehouse stock serving online fulfilment has increased by 142% and 66%, respectively.
