Katowice agglomeration and suburbs is the top performing regional warehouse market according to Cushman & Wakefield, and is the second biggest market in Poland after Warsaw area in terms of total warehouse space.
The good situation is owed to the region’s modern road network, high intensity of production, foreign direct investments (especially from the automotive sector) and favourable location. The total warehouse space totals 1 412 000 sq. meters. In the first half of 2012 about 44 000 sq. meters were delivered to the market, accounting for more than 14% of total warehouse space completed in Poland.
The largest completion was a 26 000 sq. meters BTS facility for Metsä Tissue in Krapkowice, developed by Goodman. Upper Silesia stands out also in regard to leasing volumes. From January to June 2012 around 167 000 sq. meters of warehouse space was leased, which accounts for 23% of the country’s total. At the end of June 2012 only 58 000 sq. meters of space was available, equating to 4,1%, one of the nation’s lowest industrial vacancy rates, down by 3,7 percentage points compared with what was recorded at the end of 2011.
Such good performance of the sector in the region prompted developers to start new projects. As at the end of June 2012 some 56 000 sq. meters of warehouse space was under construction, with the largest scheme being a further phase of Panattoni Park Mysłowice (19 000 sq. meters). Rents in the first half of the year remained stable – headline rents: 3,00-3,60 EUR/sqm/month, effective rents 2,70-3,10 EUR/sqm/month.
Major landlords are Panattoni, Prologis, SEGRO, MLP Group, BIK, Menard Doswell.