Among the transactions in the past year, we can see an extremely high proportion of tenants from e-commerce sector, who signed a contract for more than 310 thousand square meters. The total stock of modern warehouse space in Poland (until the end of this year) is going to be nearly 11 million square meters, while the amount of leased space is going to exceed the limit of 3 million square meters.
Most of the projects planned for 2016 are finished and already been transmitted to use. In total there is over one million square meters of new warehouses space. Among the major cities on the market, Poznan is leader (with almost 250 thousand square meters) then Warsaw, where in three zones built a total of over 225 thousand square meters and third Silesia region, where new supply has exceeded 170 thousand square meters.
The largest projects completed this year include Panattoni Park Stryków II building 1 (60 thousand square meters), another hall within the Centre for Logistics - Investment Poznan (35 thousand square meters), SEGRO Logistics Park Poznan Komorniki building. H (30 thousand square meters) and Panattoni Park Pruszkow II building 1 (approx. 31 thousand square meters).
The year 2016 seems to be a record in terms of number of leased warehouse space. We anticipate that by the end of the year confirmed transactions will cover 3 million square meters within about 500 contracts. The most popular markets are Warsaw (mainly zone II) and Silesia Region , where, in total, will occupy more than 1 million square meters . In 2016 we can observe an increasing amount of BTS contract (the amount of leased space), it is almost 27 % (12 % in 2015). Still market is dominated by contracts concluded by the companies from 3PL sector, but their share is not as significant as two years ago (decrease of almost 8%). Worth to notice is the sector of e-commerce and market Szczecin, where were signed lease agreement by leading industry representatives - Zalando (130 thousand square meters) and Amazon (161.5 thousand square meters). Szczecin, Torun and Bydgoszcz are currently the fastest growing markets in the country.
In Poland, at the end of the third quarter of 2016 remained not rented around 5.8% of the existing storage areas. This shows that the majority of new space quickly finds its tenants and the market is able to accept additional square meters of warehouses. The highest vacancy rate we can observe in Warsaw (Zone II), Trójmiasto, Kraków and Eastern Poland. The opposite situation can be observed in Szczecin and Torun, where all existing space is currently leased.
Currently under construction there is over 800 thousand square meters, but not all projects planned for It is going to be characterized by high levels of new supply in the range of 1 million square meters. Developers are looking for new locations outside the major markets, mainly due to high demand for manpower by future tenants. In addition, an increasing number of companies introduced to its facilities, new technologies for the improvement and partial automation of processes.