Industrial market in Poland February 2021
JLL is pleased to present the latest report analysing industrial market in Poland.
Despite the generally turbulent economic situation, the Polish industrial market observed spectacular, record setting results in 2020, proving once again its strength and resilience. Q4’s total transacted demand of 1.36 million m² boosted the annual volume of leased floor-space to 4.8 million m². Over 71% of this demand was attributable to new deals and expansions, making Poland the third most active market in Europe. What is more, only these three top markets (Germany, UK and Poland) exceeded the 3 million m² mark.
The market remains on the path of growth with new companies entering the region along with those already actively expanding their business in Poland. New demand was attributable to both medium and large-scale deals. The average size of a new deal in 2020 stood at 7,500 m², compared to 6,100 m² in 2019 and 7,700 m² noted in 2017, and was the second-best year in the market’s history. However, it wasn’t only new deals driving overall results, as 2020 also saw a record-breaking total for renewed space. Active occupiers extended leases totaling almost 1.4 million m².