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Poland is second most active industrial market in Europe
In the third quarter, Poland’s industrial sector saw fairly positive sentiments among tenants and developers. At the end of September, the country was the second most active market in Europe in terms of net demand and the amount of space delivered, reported JLL. Warehouse investments in Poland were approximately €2.2 billion ($2.6 billion) between January and November, setting an all-time annual record.
“The Polish industrial sector is progressing well in 2020,” said Tomasz Mika, head of industrial Poland, JLL. “Gross demand at the end of the third quarter was a solid 3.4 million square meters [36.6 million square feet]. Over 75 percent of total demand was related to new contracts and expansions, which meant that Poland was the second most active industrial market in Europe. Excellent location, the quality of delivered warehouse space and the maturity of the Polish market are appreciated by tenants and developers, which bodes well for the future.”