2025-03-12-莱坊-Warehouse_market_Upper_Silesia_Q4_2024_4页_386kb

Summary of the Warehouse Market in Upper Silesia (Q4 2024)

Core Content

The warehouse market in Upper Silesia has shown a mixed performance in Q4 2024, with a slowdown in growth compared to previous years. The region remains a key logistics hub in Poland, second only to the Warsaw region in terms of warehouse stock, accounting for 16.7% of the national total.

Key Market Statistics

• Existing warehouse stock: 5.7 million square meters
• Supply under construction: 380,000 square meters
• Vacancy rate: 5.8% (down 0.3 percentage points from the previous year)
• New supply in 2024: 290,000 square meters
• Take-up in 2024: 835,000 square meters (down 8% compared to 2023)
• Total supply increase (year-on-year): Over 5%
• New supply decline (quarterly and annually): Over 50% compared to 2023

Lease Terms

• Standard lease terms for warehouse space: EUR 3.50–6.00 per square meter per month
• Asking rents for office space: EUR 10.00–12.50 per square meter per month
• Service charge: PLN 4.00–7.00 per square meter per month
• Rent-free period: 1–1.5 months

Market Trends

• The market growth rate has slowed, with new supply remaining below the five-year average.
• The vacancy rate decreased due to limited new supply and strong take-up.
• Asking rents for warehouse space remained stable in Q4 2024.
• The volume of warehouse space under construction increased both quarterly and annually, with 76,800 square meters starting construction in Q4.
• Over half of the space under construction was secured through lease agreements.

Major Warehouse Projects

• Panattoni Park Ruda Śląska V: 44,000 square meters
• Panattoni Park Knuów: 34,600 square meters
• Panattoni Park Bielsko-Biała IV: 31,000 square meters
• Panattoni Park Sosnowiec Expo: 47,600 square meters (largest ongoing project)

Top 5 Warehouse Destinations (by existing stock)

Regional Context

• Population of Śląskie Voivodeship: 4.3 million
• Area of Śląskie Voivodeship: 12,334 square kilometers
• Economic Indicators (as of December 2024):
  • Average monthly salary (enterprise sector): PLN 9,540 (gross)
  • Unemployment rate: 3.6%
  • Average monthly salary (transportation and storage sector): PLN 8,185 (gross)

Infrastructure and Location

• The region benefits from a well-developed road network, including 250 km of A1 and A4 motorways, and 130 km of expressways (S1, S52, S86).
• Warehouse developments are concentrated around cities such as Bedzin, Gliwice, Sosnowiec, Tychy, and Bielsko-Biała.

Contact Information

• Knight Frank Poland:
  • Phone: +48 22 596 50 50
  • Website: www.KnightFrank.com.pl
• Research Contact: Dorota Lachowska (dorota.lachowska@pl.knightfrank.com)
• Industrial Agency Contact: Przemysław Jankowski (przemyslaw.jankowski@pl.knightfrank.com)
• Capital Markets Contact: Krzysztof Cipiur (krzysztof.cipiur@pl.knightfrank.com)
• Valuation & Advisory Contact: Małgorzata Krzystek (malgorzata.krzystek@pl.knightfrank.com)

Report Details

• Prepared by: Szymon Sobiecki (Research)
• Graphic design: Karolina Chodak-Brzozowska (Art Director, PR & Marketing)
• Disclaimer: This report is for general information only and should not be relied upon. Knight Frank assumes no responsibility for any loss or damage resulting from its use.
• Copyright: © Knight Frank Sp. z o.o. 2025

Conclusion

Despite a slowdown in growth, the Upper Silesia warehouse market remains attractive due to its strategic location, strong infrastructure, and access to a skilled workforce. The balance between supply and demand, along with stable asking rents, suggests a resilient market environment.