Upper Silesia is the largest after Warsaw warehouse market and one of the largest industrial hubs in Europe. According to the latest Cushman & Wakefield’s spring 2013 report, the region accounted for 19% of total new stock which was the highest supply volume across all warehouse markets in Poland.
The report says that the region’s modern road network, high intensity of production, FDI (especially from the automotive sector) and favourable location have bolstered the growth of warehouse space which now totals 1 470 000 sq. meters.
In 2012 some 100 000 sq. meters was delivered to the market, accounting for around 19% of total warehouse space completed in Poland. Warsaw made up 17% and Central Poland and Wrocław 16%. The largest completion was a 32 000 sq. meters BTS facility in Gliwice for Decathlon by Segro. Another notable development was a 26 000 sq. meters BTS facility for Metsa Tissue in Krapkowice, developed by Goodman.
Upper Silesia stands out also in regard to leasing volumes. In 2012 around 216 000 sq. meters of warehouse space was leased, however this represents a fall of around 40% on the previous year. The region also records the lowest vacancy rate amongst major Polish markets. In December 2012 it stood at 4,2%, a fall of 3 percentage points compared with year-end 2011.
There is around 22 000 sq. meters under construction. Steady occupier demand and low vacancies bodes well for future growth of the market. Rents in 2012 remained stable.
source: Cushman & Wakefield