2024-08-08-莱坊-Warehouse_market_Wielkopolska_Q1_2024_3页_1mb

Warehouse Market Analysis: Wielkopolska Q1 2024

Market Overview

• Wielkopolska is Poland's fifth-largest warehouse market, with approximately 3.4 million sq m of existing stock, accounting for 11% of the national total.

Key Growth Drivers

• Proximity to the German market, access to the A2 highway, skilled workforce, and relocation interest from Western European companies.
• Particularly attractive to the automotive and logistics sectors.

Supply and Take-Up

• New supply delivered in Q1 2024: ~120,000 sq m, representing a ~50% decrease from the previous year.
• Under construction: 140,000 sq m, dominated by projects like Hillwood Poznań-Czempiń (53,700 sq m).
• Take-up: 165,000 sq m leased in Q1 2024, showing a 34% year-over-year increase.

Vacancy and Rent Data

• Vacancy rate: 6.2%, down 0.7 percentage points from the previous year.
• Asking rents stable at €3.50-4.50 per sq m per month in Q1 2024.

Infrastructure

• Three operational intermodal terminals in the Poznań area.
• Growing network of highways supporting logistics.

Economic Context

• Low vacancy and stable rent trends, influenced by strong demand in the region.
• Annual estimates show continued supply and take-up growth.