Warehouses are bursting at the seams

A very interesting article in Puls Biznesu summarizing the warehouse market in Poland as well as analyzing what 2023 may bring.

• 4% of free warehouse space as of today according to Savills.
• 1-2% vacancy rate is projected in 2023 by Colliers.
• 30% less warehouses according to AXI IMMO Group (y/y) will be delivered in 2023 due to difficulties in obtaining financing.
• Rents increased by 20-30% in 2022 and further growth is expected (rents in Poland are still lower than in Western Europe by about 60%).

Source: Puls Biznesu