According to Jakub Kurek, Head of Industrial and Warehouse at Newmark Polska, the time has come to redefine the concept of the Big Five – Poland’s core logistics markets. In fact, there are now six key regions: Warsaw, Upper and Lower Silesia, Central Poland, Poznań, and Tricity as the newcomer.
For the full interview click: https://www.polandwarehouses.com/knowledge-centre/news/big-six-warehouse-market
Here are some key findings from the interview with Jakub Kurek:
- Poland’s core logistics markets have expanded to “the Big Six” with the inclusion of Tricity.
- Modern warehouses are closely tied to capital markets, responding quickly to market fluctuations.
- Tenant demand declined in the first half of the year, primarily due to high rents.
- Despite market challenges, Newmark Polska saw a 6% increase in deals brokered in 2023.
- 3PL providers dominated leasing activity in the first half of 2023.
- FMCG and e-commerce companies are leasing smaller, automated warehouses.
- Tricity has a low vacancy rate of 1.5% and a significant volume of modern logistics space under construction.
- Cheaper capital, strong investor interest and stable rents could drive the warehouse market’s growth in the closing months of 2023.
