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Thriving economy, good GDP growth prospects and Amazon's decision to enter Poland has significantly accelerated warehouse space demand, according to the latest report by Jones Lang LaSalle
Warsaw, 17 February 2014 – Jones Lang LaSalle presents 2013 summary and the key trends for 2014 on the industrial market in Poland.
Demand – record volume of warehouse space leased in 2013The net demand for warehouse space accelerated quarter on quarter along with GDP growth dynamics, reaching a total of 1.26 million sq m in 2013, 26% out of which were contracts signed by Amazon in Wrocław and Poznań. However, even if one excludes the Amazon deals, last year’s net demand was 926,000 sq m, which is well above the 755,000 sq m seen in 2012. Also, gross demand, which includes new take-up and lease renewals, reached a historical maximum in 2013 - 1.87 million sq m (38% larger than in 2012 and 11% more than in the previous record result in 2011).
The great importance of deals signed by the American e-commerce giant has also been reflected in the regional structure of demand. They have largely contributed to the top positions of Poznań and Wrocław regions, where gross take-up stood at 423,000 sq m and 415,000 sq m respectively. In the case of Poznań, this translated into rising from fifth to first place on the list of the most popular industrial regions.
The highest demand for industrial floor space came from retailers, whose share (largely due to Amazon deals) amounted to 49%, followed by logistic operators (23%) and automotive sector (12%).
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