Industrial market in Poland May 2020
JLL is pleased to present the latest report analysing industrial market in Poland.
Q1 2020 saw Poland’s industrial market maintain its previous buoyancy and growth momentum. Gross take-up in the first three months of 2020 totaled 947,000 m², which was almost 20% higher than the same quarter last year. Q1 results were largely unaffected by the COVID-19 pandemic, however it should be underlined, that completed transactions started well in advance of the virus’ outbreak.
New supply stood at 440,000 m² and was attributable only to a few selected regions. These were the Big Five markets (Central Poland, Poznań, Upper Silesia, Warsaw and Wrocław), Kujawy, Szczecin and Kraków. The Big Five had an 86% share, with 380,000 m² being delivered to these markets. The largest completions were P3 Mszczonów and Hillwood Wrocław Wschód II parks, both over 50,000 m².