Industrial market in Poland November 2020
JLL is pleased to present the latest report analysing industrial market in Poland.
The industrial market in Poland seems to be passing through 2020 smoothly, with some solid results recorded after Q3 2020. Gross take-up so far this year stands at 3.4 million m². Over 75% of the total demand is attributable to new deals and expansions, which enabled Poland to remain the second most active industrial market in Europe.
Despite disruption connected with the COVID-19 pandemic, the market remains stable. The rapidly growing supply, largely due to speculative investments, has increased by almost 40% over the last two years. Strong new demand, even during the pandemic, has taken up a lot of the supply that has come onto the market, but this did not prevent the vacancy rate from rising to 8.6% by the end of the third quarter.