Panattoni Park Lublin III

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.