The Polish economy is one of the most sustainable within the EU with a positive mid-term outlook. Poland was the only country in the EU to avoid recession over 2008-2010 and has been outpacing EU average GDP growth for many years. Nevertheless, the global SARS-CoV-2 pandemic did not miss Poland. In 2020, the GDP dropped by approx. 2.5% in comparison to 2019. However, already in 2021, according to the CSO’s final estimate, it increased by 6.9% compared to 2020. In 2022. GDP grew by 5.1%. The International Monetary Fund forecasts that Poland’s GDP growth is expected to be 1.2% in 2023. In contrast, Poland’s cumulative GDP growth in 2021-2024 is expected to be 16.2%, according to the IMF.
Poland’s central location, its size, improving transport infrastructure, strong performance during the COVID -19 pandemic as well as, developments in e-commerce are the undisputed fundamentals that stand behind a positive forecast for the warehouse sector in the foreseeable future.
The industrial warehouse market is the fastest growing sector of Polish commercial real estate. It has been fueled by the e-commerce sector and multi-channel sales models implemented by conventional retailers further accelerated by pandemic, which contributed to record demand that amounted to approx. 7.1m m2. Approx. threequarters of concluded transactions were new leases and extensions.
As the speed of delivery is of growing importance, the demand for last-mile logistics, Small Business Units (SBUs) and automation solutions is growing.
There are five key warehouse clusters, as well as 6 emerging ones. The bulk of warehouse space is located within the Warsaw region (located within a 50 km radius from the capital city), followed by the Upper Silesia and Central Poland, Poznań and Lower Silesia regions.
Warsaw is also in focus for CTP. Currently the company is officially carrying constructions works related to future five CTParks, called Warsaw North (Czosnów), Warsaw South (Mszczonów), Warsaw East (Kobyłka), Warsaw West (Wiskitki), and Emilianów. All to future CTPark in Warsaw region are to find in the best possible locations, right next to key communication roads, and motorways, enabling all the clients to carry their business smoothly.
GDP growthin 2021 and forecast for 2022
of Polish warehouse stocklocated in Warsaw region
mil sqmtotal modern warehouse stock