2025-01-27-莱坊-Warehouse_market_Warsaw_Q3_2024_4页_571kb

Warsaw Warehouse Market Summary - Q3 2024

• Market Overview: Warsaw and its surrounding areas constitute the largest concentration of warehouse facilities in Poland, holding 19.8% of the national stock at the end of Q3 2024 (6.7 million sq m total).
• Location Zones:
  • Zone I: Within 12 km of Warsaw's city center, including locations like Okęcie, Służewiec Przemysłowy, Targówek, and Żerań.
  • Zone II: Between 12-50 km, encompassing towns such as Błonie, Ożarów Mazowiecki, Piaseczno, Nadarzyn, Pruszków, and Sochaczew. Comprises most logistics parks (80%), accounting for 78% of the total warehouse stock.
• Supply & Construction:
  • Existing Stock: 6.7 million sq m (Zone I: Not specified separately, Zone II: ~60% or 4.02 million sq m).
  • New Supply (Q1-Q3 2024): 310,000 sq m delivered, a decrease (~39%) compared to 2023.
  • Under Construction (End Sep 2024): 330,000 sq m (representing an ~19% decrease from Q3 2023). The CTPark Warsaw West hall (+62,300 sq m) is the largest ongoing project.
  • Take-up (Q1-Q3 2024): 850,000 sq m (increasing steadily quarter-over-quarter). Demand remained stable, with peaks in Q3 (340,000 sq m leased, a 15% increase from Q2). New contracts dominated leasing activity (65% of take-up).
• Occupancy & Leasing: Vacancy rate decreased slightly to 7.5% in Q3 2024. Leasing primarily occurred in logistics parks (e.g., CTPark Warsaw West, P3). Asking rents remained stable throughout Q3. New supply significantly lagged behind rental demand.
• Economic Context: Key economic indicators (population, unemployment, average monthly salary) are presented. Transport infrastructure plays a vital role. Highways like A2 and S-series connect key areas.
• Market Outlook/Future: Future development remains limited, though some major projects (like CTPark Warsaw West) are scheduled for completion. Strong demand continues.
• Contacts: Provided contact details for Knight Frank research and capital markets teams in Poland.
• Disclaimer: The report is informational only and not intended as an investment recommendation or legal advice.