2023-12-21-莱坊-Warehouse_market_Emerging_markets_Q3_2023_3页_813kb

报告摘要

Warehouse Market Summary: Q3 2023 Emerging Markets Report

Warehouse sector in emerging markets, such as eastern Poland (including regions like Bydgoszcz, Toruń, Rzeszów, and Olsztyn), is growing dynamically due to increasing tenant interest in locations offering better transportation infrastructure and skilled workforce.
Total warehouse stock in these emerging areas reached approximately 4.7 million square meters by Q3 2023, accounting for 15% of Poland's overall warehouse inventory.
Manufacturing and logistics companies are shifting to emerging markets because of low unemployment rates and labor shortages in Poland's main logistics hubs, like Warsaw.
New supply in Q3 2023 exceeded 820,000 square meters, a 13% increase year-on-year, with key projects like the 81,500 square meter hall at CTPark Sulechów. Delivery contributed to rising vacancy rates, which reached about 11.0% by Q3 2023.
Lease uptake (take-up) was lower, totaling 260,000 square meters through Q1-Q3 2023, a 60% drop from 2022, due to reduced demand amid higher vacancy and high construction costs.
Asking rents remained stable in the emerging markets area at 3.50-4.50 EUR/sq m/month for Q3, but vacancy rates increased significantly due to excess supply.
Upcoming projects are hindered by high financing costs, leading to a decline in under-construction space to under 170,000 square meters by Q3, compared to prior periods.
Key geographic areas with high potential include regions near Germany and those benefiting from international routes like Via Baltica and Via Carpatia, which enhance accessibility.
Economic data supports trends, such as rising population in cities like Bydgoszcz and high unemployment rates, reinforcing the shift into emerging markets.