Colliers International, a commercial real estate advisory firm, has published its latest report on the situation in the industrial and warehouse space market in Poland.
Following a period of dynamic growth in the warehouse space market between 2007 and 2008, 2009 brought a reversal of this trend. A significant decrease in developer activity and a large drop in demand were recorded.
Due to the small number of projects currently under construction (approximately 120,000 sq m), tenant activity will lead to a gradual decline in the vacancy rate in individual locations. However, due to the relatively large amount of space still available, rents should remain stable in the coming months.
More information is available in the attached report.