Warehouses get up
After a difficult 2009, the companies building warehouses look to the future with optimism. Some are starting new investments, mainly for specific clients.
![](https://www.axiimmo.com/wp-content/uploads/2022/12/AXI-IMMO-zast16x9-1024x576.jpg)
At the end of 2009 there were more than 6 million sqm in Poland. modern warehouses. A large decrease in the number of new investments and leases has reduced supply.
In 2009, there were approx. 857 thousand. Sqm Warehouse space, almost half less than in 2008.
Developers stopped speculative construction of warehouse halls and abandoned increasing land inventories, although the prices of industrial land fell. Reason? Reduction in demand, which amounted to 765 thousand. Sq m (of which approximately 25% are contract extensions and renegotiations) and difficulties in obtaining loans. The commencement of new investments was approached with reserve.
At the end of 2009, only 160,000 sq m was built. Sq m Warehouses, when in 2008 over 1 million sq m. But even so few construction projects started resulted in an increase in the number of vacancies (from 8.9% in 2008 to 18% a year later). At the end of 2009, there was almost 1 million sq m of office space in Poland. Free warehouse space. Most of them are in Warsaw and Upper Silesia. There will be no revolution? There are no signs that the situation will change significantly in 2010. For the market to rebound, it must first stabilize, become credible to investors, and this takes time.
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