仓储市场_Warsaw 2025年第一季度

knightfrank.com.pl/en/research 2WarsawSource: Knight FrankStandard lease termsin warehouse buildings6.9m sqm340,000sqm5.8%Q1 2025Existingwarehouse stockSupplyunder constructionVacancy rate4.00-7.00Service chargePLN/sq m/month3.80-7.50Asking rentsfor warehouse spaceEUR/sq m/month10.00-12.50Asking rentsfor office spaceEUR/sq m/month1-1.5monthRent-free period54,000sq m260,000sq mNew supply(Q1 2025)Take-up(Q1 2025)1 600 0001 400 0001 200 0001 000 000800 000600 000400 000200 000 KNIGHT F RANKThe Warsaw region and its surroundings continue to be the largest warehouse marketin Poland. At the end of Q1 2025, warehouse space in the agglomeration amountedto 6.9m sq m, which accounted for almost 20% of the total stock in the country. Thismarket is divided into two main zones:Zone Icovers an area up to 12 km from the center of Warsaw, including areas such asOkęcie, Służewiec Przemysłowy, Targówek, and Żerań, and accounts for approximately20% of the stock.Zone IIis the area located between 12 and 50 km from the center, along the mainroutes towards Poznań, Katowice, and Kraków, including Błonie, Ożarów Mazowiecki,Piaseczno, and Nadarzyn, accounting for as much as 80% of the stock.Warehouse stock in Warsaw is growing, although the pace of growth has slowed. In Q12025, approximately 54,000 sq m of modern space was delivered, representing a 60%decrease compared to the previous quarter and a 50% decrease compared to Q1 2024.The largest completed schemes include a hall at City Point Targówek (24,700 sq m), anextension of the hall at MLP Pruszków II (15,700 sq m) and a hall at Good Point V Łubna(13,600 sq m). Importantly, almost 90% of the new supply was commercialised uponcompletion.At the end of March 2025, approximately 340,000 sq m of warehouse space was underconstruction, the largest scheme being a 53,700 sq m hall at the CTPark Emilianów,scheduled for completion in Q1 2026. More than half of the space under constructionwas secured by lease agreements, which indicates a cautious approach by developers tospeculative investments. In the Q1 2025, construction started on 185,000 sq m in sevennew developments, which is the highest result in Poland.The amount of warehouse space leased in Warsaw in Q1 2025 was 260,000 sq m, whichis half of the previous quarter's result. Renewals dominated, accounting for 78%of the volume. The largest transactions included renegotiations at: P3 Mszczonów(33,800 sq m), Prologis Park Błonie (30,800 sq m) and GLP Warsaw I Logistics Centre(23,800 sq m). New contracts accounted for 19% and expansions for 3% of total take-up.The vacancy rate at the end of Q1 2025 was 5.8%, up slightly by 0.4 pp compared to theprevious quarter. This rise was due to limited tenant activity and the dominance ofrenewals in the take-up structure.Asking rents remained stable compared to recent months.New warehouse supply, annual take-up, vacancy ratein WarsawNew supplyTake-upVacancy ratesq m10%8%6%4%2%0%2018201920202021202220232024Q120255.8% Błonie800,000 sq m1.Ożarów Mazowiecki460,000 sq m2.Pruszków440,000 sq m3.Teresin440,000 sq m4.Mszczonów430,000 sq m5.80kmHighwaysA2Mazowieckie VoivodeshipTOP 5 warehousedestinations in the region(by existing stock)HIGH-SPEED ROADSSource: Knight FrankLocation of warehouse developments in the region5.5mPopulationAverage monthly salary(enterprise sector)PLN10,786ECONOMIC DATA(03.2025, STATISTICS POLAND)GRÓJECSOCHACZEWŻYRARDÓWGRODZISKMAZOWIECKIPRUSZKÓWOŻARÓWMAZOWIECKIBŁONIEMICHAŁOWICEMSZCZONÓWLEGIONOWONOWY DWÓRMAZOWIECKIWARSAWASExisting, under construction and plannedwarehouse space (gross)% share of existingstock 500kmExpresswaysS2, S7, S8, S17, S61Average monthly salary(transportation and storagesector)PLN8,665(gross)4.2%Unemployment rate35,559sqkmVoivodeship area% share of under constructionand planned supply RESEARCHDorota Lachowskadorota.lachowska@pl.knightfrank.comINDUSTRIAL AGENCYNatalia Mikanatalia.mika@pl.knightfrank.comAs one of the largest and most experienced research teams operating across Polish commercial real estate markets, Knight FrankPoland provides strategic advice, forecasting and consultancy services to a wide range of commercial clients including developers,investment funds, financial and corporate institutions as well as private individuals. We offer:strategic consulting, independent forecasts and analysis adapted to clients’ specific requirements,market reports and analysis available to the public,tailored presentations and market reports for clients.Reports are produced on a quarterly basis and cover all sectors of commercial market (office, retail, industrial, hotel) in major Polishcities and regions (Warsaw, Kraków, Łódź, Poznań, Silesia, Tricity, Wrocław, Lublin, Szczecin) and PRS sector in Poland. Long-termpresence in major local markets has allowed our research team to build in-depth expertise of socio-economic factors affecting real© Knight Frank Sp. z o.o. 2025This report is published for general information only and not to be relied upon in any way.