The Poznań warehouse market is developing the fastest in the country. What attracts investors?
Michał Śniadała, Senior Consultant in the Industrial and Warehouse Department at JLL: Poznań, with total modern warehouse and industrial space resources exceeding 1.5 million sqm, is the third-largest market in the country. Developers are maintaining a high pace of development – in the first half of the year, Poznań gained approximately 207,000 sqm. This was the best result among the major warehouse markets in Poland.
At the end of the first half of the year, over 71,000 sqm of warehouse space was under construction. Developers are responding to the sustained demand from tenants. Poznań is a magnet for investors, and its share in the national net demand in the first half of the year reached 14%. Between January and the end of June, lease agreements for over 118,000 sqm of warehouse space were signed in Poznań, of which 109,000 sqm accounted for new contracts (one of the best results in the country).
The vacancy rate in the Poznań market is only 1.5% – the lowest among the major warehouse markets in Poland. This means that a total of only 23,000 sqm of space available immediately is waiting for tenants in all Poznań facilities. Effective rents per square meter of warehouse space range from 2.15 to 3.00 euros per month.
The most important factor enabling the development of Poznań as a location for warehouse and logistics projects is good transport infrastructure and its location on one of the main transit corridors connecting Western and Eastern Europe – next to the A2 motorway. Thanks to its proximity to the German border, a relatively large and affluent agglomeration, and the presence of the Volkswagen factory, this region constitutes an attractive location for tenants from the automotive, logistics, and retail sectors.