With Poland’s increasing role as a Central European logistics hub, rent rates are beginning to stabilize across all the country’s regions and are expected to keep their current levels over the next few months, according to Pawe³ Sapek, SEGRO’s Central Europe Development Director. Retailers are an increasingly important group of tenants on the logistics market and they will continue to create demand for new warehouse space.
SEGRO Logistics Park Stryków
Courtesy of SEGRO
Warehouse stock continues to grow, particularly in the built-to-suit segment, as tenants are increasingly demanding about the space they occupy. “This trend is also likely to continue next year,” Mr Sapek said.
While developers are less interested in speculative construction, without having pre-leased at least some of the space beforehand, a drop in vacancy rates is anticipated.
“We expect to see a lot of demand in the Silesia region, which has been strengthening its position on Poland’s logistics market for a while. This region will continue to attract tenants, thanks to both its proximity to the highway connecting the city with Western Europe, and Wroc³aw’s ring road,” Mr Sapek added.
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