2023-07-06-莱坊-Warehouse_market_Emerging_markets_Q1_2023_3页_797kb

报告摘要

Emerging Markets Warehouse Market Summary - Q1 2023

Location and Development: Warehouse projects are expanding in emerging markets such as the Toruń-Bydgoszcz region, Rzeszów vicinity, and Eastern Poland (e.g., Białystok, Lublin, Zielona Góra). These areas are experiencing dynamic growth due to improved infrastructure, access to qualified workforce, and lower unemployment rates compared to main logistics hubs, making them attractive for manufacturing and logistics companies seeking alternative locations.
Inventory and Supply: At the end of Q1 2023, warehouse stock in these emerging markets was approximately 4.4 million square meters, accounting for 14.6% of Poland's total existing stock. Supply declined significantly year-over-year, with only 430,000 square meters of new warehouse space added in Q1 2023 from 14 facilities, including large projects like Panattoni BTS Bydgoszcz (146,000 sq m) and CTPark Iłowa.
Demand and Leasing: Total leased space in Q1 2023 was about 40,000 square meters, reflecting a slowdown in demand after periods of stronger growth in previous quarters. Key leased projects included Panattoni Park Zielona Góra and Panattoni Park Rzeszów Airport III.
Vacancy and Rents: The vacancy rate rose to 7.7%, an increase of 6 percentage points from Q1 2022, due to higher supply. Asking rents for warehouse space stabilized at 3.50-4.50 EUR/sq m/month, following increases in H2 2022 driven by higher financing and construction costs.
Economic Factors: Infrastructure developments like the Via Baltica and Via Carpatia highways are enhancing accessibility, while low unemployment in emerging markets contrasts with labor shortages in central hubs, encouraging market activity.
Overall Trends: Emerging markets led in new supply volume for the fourth quarter in a row, but demand growth has leveled off. This report, from Knight Frank Poland, provides strategic market analysis based on inventory, economic data (e.g., population and GDP), and expert forecasts.