Another quarter of dynamic development on Poland's industrial market, with speculative activity on the rise
Tenant demand remains strong with 1 million of net take- up expected for 2014 and speculative developments again on the rise, an analysis of the industrial market in Q3 2014 shows.
Tomasz Mika, Head of Industrial Poland, JLL, said: “The industrial market is in very good shape. Overall market sentiment remains positive as demand for warehouse floorspace displayed a y-o-y increase for the fourth consecutive quarter. Total demand registered in Q3 2014 stood at 343,000 sq m, with new agreements and extensions accounting for 261,000 sq m, and the remainder - 82,000 sq m - being attributable to renewals. Importantly, the net take -up from the beginning of the year totals 787 000 sq m and is expected to hit 1 million sq m by the end of the 2014. Gross demand since the beginning of the year is over 1.2 million sq m, so the total tenant activity will exceed 1.5 million sq m by the of the year. Logistics operators still constitute the key occupier group”