Industrial market in Poland Q1 2021
Industrial market is displaying tremendous resilience and powered ahead with a gross take-up of 1.6 million m² in Q1 2021.
This time last year, the market was only just beginning to cope with the impact that the pandemic was having on real estate. One year on, the industrial market is displaying tremendous resilience and powered ahead with a gross take-up of 1.6 million m² in Q1 2021. This was the best single quarter performance in the market’s history.
Demand was continually driven by new deals and expansions, which accounted for almost 70% of total take-up. The market observed a wide range of contracts, from deals regarding units under 1000 m² to a lease of 100,000 m².
The industrial sector also saw demand from a range of areas reflected by the types of assets, as demand to differing degrees, was attributable to a range of formats such as large big-boxes located in the vicinity of major cities as well as regional emerging hubs, BTS developments and city logistics schemes.
Undoubtedly, the industrial market in Poland is on a roll and each quarter certainly substantiates these successful results.