Warehouse Wroclaw Region has been a dynamically developing region for several years as a place offering modern warehouse and logistics space. The Wrocław region is an excellent location for distribution centers and production plants serving Western Europe. The great interest in warehouse space and the proximity of the German and Czech markets mean that most developers such as Panattoni, 7R, Logicor WhiteStar, Hillwood, CTP, MLP, Segro, Hines, Prologis, P3 are active in the Lower Silesian Voivodeship.

In the period from January to the end of September 2023, the new supply of warehouses in Wrocław and the surrounding area amounted to over 358,000 sq m, which allowed the total resources of this region to be increased to 4.08 million sq m.

The Wrocław region is selected, among others, due to very good road infrastructure (A4 and A8 Highways and S3, S5 and S8 Expressways) and high availability of employees. Gross demand in the period from January to the end of September 2023 amounted to over 563.8 thousand sq m.

Wrocław and the surrounding area is a region where sectors such as FMCG, couriers, light manufacturing, e-commerce, and manufacturing are developing. The voivodeship enjoys high tenant activity, which is why at the end of the third quarter of 2023, the vacancy rate stabilized at 8.4%.

In addition to Wrocław, developers are expanding their offer of warehouse space in Bielany Wrocławskie, Nowa Wieś Wrocławska, Tyniec, Pietrzykowice, Legnica, Bolesławiec and many other smaller towns. The great interest in renting by companies from various industries means that at the end of September 2023, over 452,000 sq m of modern logistics and production space were under construction.

Wrocław is also a region where last-mile logistics is being developed to quickly service the city. Many developers, including Panattoni, 7R, DL Invest, and Ideal Idea, have decided to build smaller warehouse parks in the SBU (Small Business Unit) format in this location. These investments are very popular among many smaller tenants who do not want to rent space in large-format big-box distribution centers.

Bydgoszcz-Toruń warehouse market The region developed in the Kuyavian-Pomeranian Voivodeship focuses on the main provincial cities, i.e. Bydgoszcz and Toruń. This is one of the emerging regions on the warehouse map of Poland, whose total resources amount to 884,000. m2.

They built their offer of logistics and production space on the warehouse market in the province. Kuyavian-Pomeranian Voivodeship is the main developers operating also in other regions of Poland. Active players include Panattoni, Fortress and 7R. In the first three quarters of 2023, developers delivered 238,000 sq m in the Kuyavian-Pomeranian Voivodeship. m2.

Tenants choose the offer of warehouse space in the vicinity of Bydgoszcz and Toruń due to its central location on the map of Poland between four large distribution markets. In the first three quarters of 2023, the demand for logistics and production space amounted to just over 12,000. m2. It is worth recalling that in 2021, two large transactions for over 100,000 PLN were closed in the Kuyavian-Pomeranian Voivodeship. m2 with an international clothing company that decided to open warehouses near Bydgoszcz. Companies interested in the warehouse offer in this region include food chain operators, logistics, e-commerce and the clothing industry.

The vacant space level for the Kuyavian-Pomeranian Voivodeship is 5.4%. The total amount of warehouse space will not be increased in the near future because developers are not planning any new investments in this region.

The Lublin Voivodeship is one of the emerging warehouse markets in Poland, located in the south-eastern part of Poland. At the end of September 2023, the region’s total resources were 369,000 sq m. The available warehouse offer includes distribution parks provided by Panattoni, MLP, 7R, GLP, and local investors. New supply in the period from January to the end of September 2023 amounted to 10,000 sq m. Developers’ activity in the coming quarters should increase the available warehouse space by another 64,000 sq m. The region is expanding along two key routes, S12 and S17. The S12 Expressway is the Polish part of the transcontinental route Via Carpatia, which has been under construction for many years, and is ultimately intended to connect the north of Europe with its south. The S17 Expressway connects the Lublin Voivodeship with the capital of Poland. The route has been modernized in recent years and the construction of new logistics centers seems to be a matter of time.

Tenants interested in modern warehouse space are looking for available modules in the eastern part of Lublin. This is a location with good access to the city ring road and public transport. At the end of the third quarter of 2023, the vacancy rate in the region was 8.5%. The region’s potential is growing every year, tenants appreciate the constantly expanded and modernized road infrastructure, access to employees including those from Ukraine and Belarus, as well as competitive labor costs. The importance of the Lublin Voivodeship will definitely increase after the completion of the entire Via Carpatia route and after the end of the war. A large part of distribution companies from Western Europe may be interested in locating their base in this region. The companies interested in developing in the Lublin region include logistics, distributors, food production, and the automotive industry. The total rental volume at the end of September 2023 was over 52,000 sq m.

Warehouse Market The Zielona Góra – Gorzów Wlkp. region (western Poland) is one of the fastest growing warehouse markets in Poland. The main concentration of logistics and production space concerns Zielona Góra, Gorzów Wielkopolski, Świebodzin and Słubice.

At the end of September 2023, the region had over 1.5 million m2 of warehouse space. A significant increase in modern halls built in recent years was related to the location of e-commerce giants in the Lubusz Voivodeship. The region benefits from the development of the so-called CBEC (cross border e-commerce) trend, i.e. cross-border trade on the Internet. In the first 3 quarters of 2023, developer activity amounted to over 437,000. m2. The new supply resulted in an increase in the vacancy rate to 15.7%. The most active developer in the region is Panattoni. The company builds both large-format big-box warehouse buildings and tailor-made properties such as BTO (built-to-own) or BTS (built-to-suit) investments. Hillwood and Exceter have also decided to open their logistics parks in the region. At the end of September 2023, initiated projects in the Lubuskie Voivodeship included 29,000. m2. The warehouse space offer is tailored to various groups of tenants, including domestic and international logisticians, retail chains, grocery chains, e-commerce, manufacturing, automotive, construction and metal industry companies.

In the period from January to the end of September, gross demand for warehouse space amounted to over 100,000. m2. The region is chosen by international companies that are interested in building logistics headquarters serving the region of Southern and Western Europe. The Lubuskie Voivodeship benefits from its geographical location along the Polish-German border, as well as from the expanded and modernized road infrastructure. The main routes in the region are the A2 and A4 motorways and the S3 expressway.

The warehouse market around Krakow (South Poland) has for years been one of the regions that have a low volume of space ready for immediate rent. Despite the total stock of over 1 million sq m, the vacancy rate in the region is approximately 2.1%. Warehouse developers, looking for investment land, decided to develop towards the east. In recent years, locations such as Niepołomice, Tarnów, Bochnia, and Kokotów have gained importance.

In the period from January to September 2023, as part of the new supply, developers delivered 129,000 sq m in the Lesser Poland Voivodeship. In the region, the offer of ready-made warehouse halls has been prepared by, among others: Panattoni, 7R, GLP, Hillwood, and more local entities such as LCube, and BIK. The biggest challenge for developers remains the terrain, which increases the costs associated with starting the construction of the investment and also affects the initial rental rates. Outside the capital of Lesser Poland, new logistics parks and distribution centers are being built in Skawina, Modlniczka, Rybitwy, Targowisko, and Wieliczka. Currently, over 166,000 sq m are under construction. The Lesser Poland Voivodeship is a region where tenants can choose from a diverse offer of warehouse space in the following formats: big-box, SBU (small business unit), and BTO (built-to-own), and BTS (built-to-suit) projects. Due to the development of the last mile logistics segment, modules are available in Krakow and the surrounding area as part of smaller urban investments, such as Panattoni City Logistics and 7R City Flex. Gross demand in the period January – September amounted to nearly 200,000 sq m.

The most active tenant groups include logisticians, manufacturing companies, clothing companies, retail chains, furniture/DIY industry, light production, and automotive industry. The main advantage of the region is access to the A4 motorway and the S7 Expressway. As a result of the development of infra

Warehouse market Opole Region, as the entire Opole Voivodeship (south-western Poland), is one of several emerging warehouse markets in Poland. At the end of September 2023, the total industrial and logistics resources in the Opole region amounted to 270,000. m2.

The offer of modern space in the Opole region is dominated by projects in the BTO (built-to-own) or BTS (built-to-suit) formula. Developers who have built warehouses in the Opole region for individual customer needs include: Panattoni, Hillwood and CTP.

In the first 3 quarters of 2023, the new supply of warehouse space in the Opole Region amounted to over 24.7 thousand. m2. and did not affect the vacancy rate, which remained at 6.3%. Typically, companies choose this market as an alternative or base for larger logistics regions.

Customers interested in warehouses for rent in the Opole region include manufacturing companies, especially those from the automotive sector. In the period from January to September 2023, lease agreements were signed for approx. 8.7 thousand sq m in the Opole region. m2 of warehouse space. Companies usually develop their operations along the A4 motorway near cities such as Opole or Gliwice. The location of the Opole Voivodeship is a good alternative for companies interested in serving customers from Germany or southern Europe.

The warehouse market of Rzeszów Region (Podkarpackie Voivodeship, south-eastern Poland) is one of the most dynamically developing warehouse markets in Poland. The capital of the region is the city of Rzeszów, and the majority of modern warehouse space under construction is concentrated on the city and the Rzeszów-Jasionka airport.

At the end of September 2023, approximately 26.5 thousand sq m of warehouse space were under construction. Active developers expanding warehouse halls include Panattoni, Logicor, 7R. and Waimea. From January to September 2023, the new supply of halls and warehouses in the Rzeszów Region amounted to 61,000 sq m, and increased the total resources of industrial and logistics space in the Podkarpackie Voivodeship to over 488 thousand sq m.

In the context of the development of the Rzeszów Region, reference is most often made to the construction of the transcontinental Via Carpathia route as part of the Polish S19 Expressway, which will connect northern and Southern Europe. The second factor that may increase tenants’ interest in this location in the future is the end of the war in Ukraine.

According to experts, the Rzeszów Region, due to its proximity to Ukraine, can be used, among others, as a base for production and logistics companies that will help rebuild Ukraine after the war. An additional factor in the development of the region is the so-called friend-shoring, i.e. a network of related suppliers within politically and militarily cooperating countries.

At the end of September 2023, tenants of warehouses and halls decided to rent over 49,000 sq m of warehouse space. It has a low vacancy rate of 1.2%, which may help build new warehouse investments in the coming quarters and improve the situation abroad. In the Podkarpackie Voivodeship, there is also the so-called aviation valley, bringing together companies related to the aviation industry in south-eastern Poland. The main industrial centres include Rzeszów, Mielec, Dębica, Krosno, and Sanok.

Warehouse Market Bialystok region (Podlaskie Voivodeship) is the smallest warehouse market in Poland (north-eastern Poland). The offer of logistics and industrial space for rent is located mainly in the vicinity of Białystok, the capital of the region.

As part of the new supply of warehouse space in the Białystok Region, in the period from January to September 2023, developers delivered 13.4 thousand sq m of modern warehouses and halls. At the end of the 3rd quarter of 2023, the total production and logistics resources of the Podlaskie Voivodeship amounted to approximately 98.7 thousand sq m. The offer of warehouses for rent in the Białystok region is dominated by Panattoni and local investors. The Bialystok Region may develop in the future after the completion of works on the construction of the Via Carpatia route in a part of the S19 Expressway and Via Baltica (S61 Expressway) and in the light of the S8 route towards Bialystok, modernized in recent years.

In the period from January to September 2023, the total rental volume of modern warehouse space in the Podlaskie Voivodeship amounted to over 20.4 thousand sq m.

Tricity Warehouse Market (Gdańsk Region) is the main warehouse market in the Pomeranian Voivodeship (Northern Poland). The total resources of industrial and logistics space in the Tricity region at the end of 2023 amounted to approximately 1.42 million sq m.

The strategic location of the Gdańsk Region encourages many developers to build warehouse space. Panattoni, 7R, GLP, Hilllwood, Prologis, P3, Logicor, CTP, and others are active on the Tricity warehouse market. As part of the new supply of warehouse space in the period from January to September 2023, developers delivered 62,000 sq m to the Tricity warehouse market.

The investment attractiveness of the Gdańsk Region is constantly increasing, which means that over 286,000 sq m are still under construction. m2. The main advantages for the development and expansion of the offer of warehouse space in the Pomeranian Voivodeship are access to the Baltic Sea and the DCT container port in Gdańsk. In the future, due to its access to main trade routes, the Gdańsk region has a chance to become one of the main pan-European logistics hubs.

The Gdansk Region Warehouse Market also benefits from excellent road connections with the whole of Poland, which includes the S6 Expressway network towards Berlin, the S7 to the south-east of Poland, and the A1 motorway to the south of Poland. Tenants interested in the warehouse offer in the Gdańsk region can also use the cargo airport in Gdańsk.

In the period from January to September 2023, gross demand for modern warehouse space amounted to over 319,000. m2. The main groups of warehouse tenants include logistics and production companies, retail chains, the FMCG sector, and e-commerce companies. Great interest in the offer of production and logistics space results in a low vacancy rate, which at the end of September 2023 was 1.5%.

It is estimated that while maintaining the current dynamics of development of transshipment and container handling in the Baltic Sea basin, the importance of the warehouse market of the Gdańsk Region will continue to increase.

The Warehouse Upper Silesia region (southern Poland) is the second-largest warehouse market in Poland and a key distribution hub for Central and Eastern Europe. The total resources of industrial and logistics space at the end of the 3rd quarter of 2023 amounted to over 5.29 million sq m.

All key developers remain active in the Silesian Voivodeship region, including Panattoni, 7R, GLP, WhiteStar, Logicor, Hillwood, CTP, MLP, Segro, Hines, Prologis, P3, CTP, DL Invest and many local investors. In the period from January to September 2023, the new supply in Upper Silesia amounted to over 471.6 thousand sq m. Developer activity has not had a significant impact on the vacancy rate, which remains at 7%.

The diverse offer of warehouses and halls for rent in the Upper Silesia region consists of large-format big-box and multitenant warehouse halls, exclusive BTO (built-to-own) and BTS (built-to-suit) projects, and smaller urban warehouses SBU (Small Business Unit) to handle the so-called last mile logistics.

Domestic and international companies appreciate the offer of warehouse space for rent in the Upper Silesia region, which enables free transport for companies managing supply chains between Poland, Germany, the Czech Republic, Slovakia, and countries in Southern Europe. Gross demand for warehouses in Upper Silesia at the end of September 2023 amounted to 668.7 thousand sq m. According to developers’ announcements, tenants of warehouse space can be confident about development, because another 325.000 sq m are under construction. m2 of modern halls and warehouses.

Companies choose Upper Silesia and development within the Silesian Voivodeship because it is one of the best-developed regions in terms of transport infrastructure. The location of Upper Silesia at the intersection of two main motorways A1 and A4 at the Sośnica JJunction allows for free transport in every direction in Poland. The Silesian region also offers access to the most extensive railway network in Poland and the Katowice airport in Pyrzowice. The main centres related to the local warehouse market remain Katowice, Gliwice, Sosnowiec Mysłowice, Dąbrowa Górnicza, Będzin, Ruda Śląska, Żory and Częstochowa.

Manufacturing and logistics companies, couriers, industry and automotive, retail and food chains, as well as e-commerce are showing great interest in warehouse space for rent in the Upper Silesia region.

The warehouse market in the Szczecin region – West Pomeranian Voivodeship has been developing rapidly for several years. The Szczecin region benefits from access to the Baltic Sea basin, trade with Scandinavian countries, and the neighbourhood with Germany.

Many international companies in the Szczecin region decided to invest in warehouse space for production purposes as well as popularizing the so-called CBEC (cross-border e-commerce) trend, i.e. cross-border trade on the Internet. In 2023, new supply in the West Pomeranian Voivodeship accounted for 3% of the 3.7 million sq m of new supply in Poland.

In the Szcecin region, most of the modern production and logistics space is located around cities such as Szczecin, Goleniów, Stargard Szczeciński, Kołbaskowo, and Gryfin. These are cities located on the S3 and S10 expressways.

In the Szczecin region, the majority of developers — Panattoni, Prologis, Mapletree, Exeter, Waimea, and 7R— work in the warehouse sector.

Manufacturing companies, logistics operators, and smaller and larger e-commerce companies are active in the Szczecin region. At the end of 2023, gross demand was below 250,000 sq m. However, the vacancy rate of warehouse space remained at approximately 7.2%.

Warehouse Warsaw – City Region is the largest business and industrial centre in the Masovian Voivodeship. It is one of the most mature warehouse regions in Poland, which in recent years has undergone a process of reindustrialisation and development of the so-called last mile logistics segment.

At the end of September 2023, Warsaw’s total warehouse stock amounted to 909,000 sqm. In the period from January to the end of September 2023, developers delivered over 68.5 thousand sqm of modern warehouse space, focusing on the construction of investments near exit routes from the city.

The Warehouse Warsaw – City Market is very often chosen for the construction of smaller urban warehouses in the SBU (Small Business Unit) format. SBU warehouses combine the functions of a warehouse, office, and exhibition space. Examples of investments include projects such as Panattoni City Logistics, 7R City Flex, ideal idea park and SEGRO Business Park. Developers such as Prologis, WhiteStar, Logicor and Hillwood are still active in Warsaw. At the end of September 2023, developer activity did not have a significant impact on the vacancy rate, which remains at a safe level of 10.2%.

Warehouse locations in Warsaw – City Region such as Żerań, Targówek Przemysłowy, Ursynów, and Okęcie with direct access to the Okęcie airport, remain key in the development of the capital’s logistics market.

At the end of September 2023, the total warehouse leasable volume in Warsaw City Region amounted to 131,000 sqm. The warehouse offer in the region is tailored to many groups of tenants, including grocery chains, logisticians, data centres, light manufacturing, pharmaceuticals, automotive companies, e.g. vulcanisation companies, car services, and trading companies.

The Mazowieckie Voivodeship is the largest warehouse market in Poland. The total warehouse and production resources of the region at the end of 2023 amounted to 31.7 million sqm with new supply for the whole of 2023 amounting to 3.7 million sqm. Mazowieckie is a central location chosen by logistics companies, distribution companies, suppliers, the e-commerce industry, and service companies. The dominant subregions are Pruszków, Ożarów Mazowiecki, Janki, Nadarzyn, Piaseczno, Marki, Radzymin, Modlin and Czosnów.

Customers appreciate the local logistics market, its excellent location surrounded by a dense network of roads and motorways, enabling comfortable transport in every direction in Poland. Tenants are eager to use key routes in the Mazowieckie region, such as the A2 motorway, the S2, and S8 expressways, and national roads 50 and 92. Gross demand in 2023 in Poland amounted to 5.6 million sqm, while for the Mazowieckie Voivodeship market it was 1.4 million sqm. Many tenants decide Mazwieckie due to the diverse and large offer of warehouse space that meets the requirements of various sectors.

At the end of 2023, the vacancy rate for the Mazwieckie region was 7.7%. Due to the largest consumer market and high liquidity, the region is chosen by major market players. Panattoni, 7R, GLP, WhiteStar, Logicor, Hillwood, CTP, MLP, Segro, Hines, Prologis, P3 and many individual entities remain active in Mazovia. At the end of 2023, developers delivered 702.5 thousand sqm, while at the same time 479 thousand sqm were under construction.

Central Poland is one of the so-called Big Five major warehouse markets in Poland. The total stock of modern industrial and logistics space in the region exceeds 4.4 million sq m.

The Łódź Voivodeship is the third-largest warehouse market in Poland and one of the most important distribution regions for Central and Eastern Europe. Warehouse developers are active in the region every year, with new supply amounting to over 362,000 sq m in the first 9 months of 2023. Customers and investors appreciate the warehouse market located around Łódź due to the region’s location at the intersection of two major Polish highways A1 and A2 and the S8 express road, enabling the distribution of goods in every direction of Poland. In 2023, Łódź was the first city in Poland to gain an agglomeration highway bypass, which further contributes to the attractiveness of the region. Many developers, such as Panattoni, 7R, Logicor, WhiteStar, Hillwood, CTP, MLP, Segro, Hines, Prologis, P3, decide to build large-format big-box warehouses, smaller SBU (Small Business Unit) formats, as well as BTO (built-to-own) or BTS (built-to-suit) projects, i.e. investments tailored to the individual needs of tenants. At the end of September 2023, developers were developing 362.7 thousand sq m of new supply.

Both Polish and international logistics companies, retail chains, electronics companies and companies from the construction/DIY industry locate their distribution centers in Central Poland. It is also a region chosen by e-commerce and companies serving this sector, such as the packaging industry or courier companies. The total leasable volume at the end of Q3 amounted to 368,000 sq m. In addition to Łódź, Polish Central’s warehouse space offer is also located in Piotrków Trybunalski, Stryków, Kutno, Rawa Mazowiecka, Rzgów, and Aleksandrów Łódzki. Tenants choose the Łódź Voivodeship because of the road infrastructure and employees. At the end of September 2023, the vacancy rate in the region was approx. 11.7%.

Poznań belongs to the so-called the big five largest warehouse markets in Poland. It is one of the oldest logistic regions, which was formed along the 92 national road, and currently the A2 Highway. This route enables the distribution of goods from East to West Europe towards Berlin.

The total resources of the Poznań warehouse market at the end of the 3rd quarter of 2023 amount to over 3.32 million sq m. In the Greater Poland Voivodeship, the offer of warehouse space for rent was prepared by all key developers, i.e. Panattoni, 7R, GLP, WhiteStar, Logicor, Hillwood, CTP, MLP, Segro, Hines, Prologis, P3, CTP and many local smaller investors. In the period from January to September 2023, new supply in the region increased the available volume of space for rent by over 286,000 sq m and stabilized the vacancy rate at 7%. According to developers’ announcements, we can expect another 254,000 sq m in the coming months, which will certainly find their tenants quickly. Apart from Poznań, the main industrial and logistics centers in the Greater Poland Voivodeship are the areas located along the S5 and S11 express routes, as well as within the airport. Therefore, a large offer of space for rent is located south of the capital of the region in such locations as Gądki, Żerniki, Jaryszki, Robakowo, Plewiska, Komorniki and Plewiska. Many companies are also considering development in Sady, Gołuski, Tarnowo Podgórskie or more historically known locations such as Swarzędz, Konin, Kalisz or Niepruszewo.

Poznań and the entire Greater Poland Voivodeship are characterized by high tenant activity. Gross demand in the first 3 quarters of 2023 amounted to over 330,000 sq m. The region offers all types of halls for rent, the so-called large-format warehouse buildings such as big-box or multitenant, exclusive investments such as BTO (built-to-own) and BTS (built-to-suit), and smaller urban warehouses such as SBU (Small Business Unit) to handle the so-called last mile logistics. An extensive offer of warehouse space for rent is chosen by both large international companies and local domestic suppliers. The most active tenants remain those representing logistics, distribution, e-commerce, the automotive industry, light manufacturing, manufacturing, retail chains, grocery chains, the furniture/DIY industry, and courier companies.