Good results registered on industrial market

Colliers released a report summarizing the first quarter of 2015 on the real estate market in Poland. The Upper Silesia region, of which the Katowice agglomeration is a main central part, tops the highest position among regional markets in terms of industrial space demand.

In Q1 2015, the supply of industrial space in Poland exceeded 9,1 million sq. meters. Upper Silesia remains the second Poland’s largest industrial market where the total logistics and warehouses space amounts to almost 1,6 million.

The period under analysis was characterized by a relatively high level of tenant activity. In the Polish market as a whole, tenants signed 118 agreements for over 635 000 sq. meters. Upper Silesia was the second market in terms of transaction volume (after Warsaw), where 124 500 sq. meters were leased within 24 transactions.

The total amount of space delivered in Poland in Q1 2015 was 273 000 sq. meters. The second largest amount of newly delivered space was 30 200 sq. meters completed in the Upper Silesia region. The highest level of activity among developers was observed in the Poznań market.

The Upper Silesia’s vacancy rate is below the level of 8%. Effective rental rates ranges from EUR 2 to EUR 3 per one square meter per month.

© Colliers International; total supply and vacancy rates in major markets
© Colliers International; total supply and vacancy rates in major markets

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