2025-01-23-莱坊-Warehouse_market_Central_Poland_Q3_2024_4页_1mb

Central Poland Warehouse Market Summary

Central Poland ranks as the third-largest warehouse market in Poland, after Warsaw and Upper Silesia, with a strong appeal for logistics operators and retail chains. It serves the entire country, benefiting from strategic locations like Stryków, Łódź, Piotrków Trybunalski, and Konin, aided by the A1 motorway and a rail connection to China.

As of the end of Q3 2024, the warehouse stock reached 4.8 million sq m, accounting for 13.9% of Poland's national total. Since the start of 2024, 290,000 sq m of modern space has been added, reflecting an 11% year-on-year decrease. However, Q3 2024 saw a net delivery of 140,000 sq m, the highest quarterly increase compared to the previous quarter and Q3 2023.

New supply under construction totaled 240,000 sq m at the end of Q3 2024, marked by a 26% quarter-on-quarter decline. Key projects include developments in facilities such as Hillwood Zgierz II, Panattoni Park Łódź West II, and Prologis Park Łódź. The vacancy rate stood at 11.2% in September, slightly higher than the previous quarter due to recent supply, despite limited speculative development.

Demand was robust, with 640,000 sq m leased in Q1-Q3 2024, a 70% increase from the same period last year. Lease deals involved major tenants, including renewals and expansions. Asking rents remained stable at €3.50-4.50 per sq m per month in Q3 2024.

Economic factors supporting the market include a population of 2.4 million, an unemployment rate of 5.4%, and average monthly salaries exceeding €8,000. High-speed roads like A1 and A2 enhance logistics connectivity. Key destinations and logistics hubs are Stryków, Łódź East, Grabica, and Zgierz, contributing to the region's growth.