2023-07-06-莱坊-Warehouse_market_Upper_Silesia_Q1_2023_3页_630kb

Upper Silesia Warehouse Market Summary

Key Location and Infrastructure

Upper Silesia ranks second in Poland for warehouse stock. It benefits from well-developed road connections to neighboring countries like Germany, the Czech Republic, and Slovakia, making it a strategic hub. The region has five intermodal terminals in cities such as Gliwice, Sosnowiec, Dąbrowa Górnicza, Sławków, and Rybniż. As of Q1 2023, existing warehouse stock exceeds 5.1 million square meters, accounting for 17% of Poland's total warehouse capacity.

New Supply and Development

In Q1 2023, 260,000 square meters of modern warehouse space were completed across 11 facilities. Notable projects include a 270,000 sq m warehouse for Carrefour in Będzin and a 41,100 sq m hall in CTPark Katowice. New supply under construction reached 270,000 sq m, with the highest levels in history. However, declining construction due to economic caution among developers limited new supply.

Leasing and Occupancy

Tenant activity remained steady, with 190,000 sq m leased since Q1 2023, including large transactions like Panattoni Park Ruda Śląska V (32,500 sq m). The vacancy rate was 6.5%, an increase of only 0.9 percentage points from the prior year, despite strong new supply.

Economic and Market Data

Rents for warehouse spaces increased in Q1 2023 due to higher financing and construction costs. Economic indicators showed a vacancy rate of 6.5%, with 620,000 sq m for office space. Key metrics include asking rents between 3.50-5.50 EUR/sq m/month, and GDP projections hinting at growth.

Disclaimer and Sources

This report is for informational purposes only and not to be relied upon for decisions. Data is based on Knight Frank Research, available at their website. Long-term dedication to the Polish market ensures in-depth analysis of economic factors.

Contact for Knight Frank Poland Research for further details.