仓储市场_Warsaw 2025年上半年

H1 2025 The comprehensive guide to the warehouse market in Warsaw Warsaw Warsaw and its surrounding areas represent the largest concentration of warehouseprojects in Poland. At the end of Q2 2025, total warehouse stock in the Warsawmetropolitan area reached 7.1m sq m, accounting for 19.6% of the country’s totalwarehouse space. Warehouses and logistics projects located within Warsaw vary widelyin terms of technical specifications, quality, and location. These can be broadly dividedinto two main warehouse zones: H1 2025 7.1m sqmExistingwarehouse stock Zone Icovers areas within a 12 km radius of central Warsaw, including city districtssuch as Okęcie, Służewiec Przemysłowy, Targówek, and Żerań. Approximately 20% ofthe metropolitan area's warehouse stock is located in this zone. 430,000sqmSupplyunder construction Zone IIincludes areas located between 12 and 50 km from the city center, predominantlyto the southwest of Warsaw, along the main transport corridors E30, E67, and E77,leading to Poznań, Katowice, and Kraków. This zone encompasses towns such asBłonie, Ożarów Mazowiecki, Piaseczno, Nadarzyn, Pruszków, Mszczonów, Teresin, andSochaczew. A substantial 80% of Warsaw’s warehouse stock is located here, primarily inlarge logistics parks with potential for further expansion depending on tenants’ needs. 6.6%Vacancy rate Although the Warsaw warehouse market continues to grow, its pace of development hasclearly slowed in recent quarters. In H1 2025, over 155,000 sq m of modern warehousespace was delivered, marking a 30% decline compared to the same period in the previousyear. Major completions during this time included: a project at Hillwood GrodziskMazowiecki (51,400 sq m), a BTS project – Panattoni BTS Auchan (19,800 sq m), and awarehouse at Panattoni Park Warsaw West (16,500 sq m). In Q2 2025 alone, new supplyamounted to over 100,000 sq m, all of which was delivered in Zone II. 155,000sq mNew supply(H1 2025) Developer activity increased significantly in the first half of the year. At the end of June,approximately 430,000 sq m of warehouse space was under construction, representinga 29% increase compared to the previous quarter and a 6% increase year-on-year. Thelargest ongoing development was a warehouse within the CTPark Emilianów complex(53,600 sq m), scheduled for completion in Q1 2026. In Q2 2025 alone, constructioncommenced on nearly 200,000 sq m across 11 projects, with only around 40% of thisspace secured through pre-leases, further reflecting positive developer sentimenttoward the local market. 550,000sq mTake-up(H1 2025) Standard lease termsin warehouse buildings Leasing activity also grew. In H1 2025, total leasing volume reached nearly 550,000 sq m,an increase of over 18% compared to the same period in 2024. Notable transactionsincluded: a new lease at CTPark Warsaw North (20,000 sq m), a renewal and expansionat A2 Warsaw Park Adamów (15,900 sq m), and a new lease at Hillwood Ożarów III(14,700 sq m). Lease structure was dominated by renewals (54%), with new leasesaccounting for 34% and expansions for 12%. 3.80-7.50Asking rentsfor warehouse spaceEUR/sq m/month Despite strong take-up, the vacancy rate increased to 6.6% at the end of H1 2025, upfrom 5.8% in Q1, mainly due to the significant amount of new space delivered in Q2.However, the current vacancy rate remains below the levels observed in the sameperiod last year. 10.00-12.50Asking rentsfor office spaceEUR/sq m/month Asking rents in the warehouse sector in the Warsaw region remained stable comparedto the previous quarter. 4.00-7.00Service chargePLN/sq m/month 1-1.5monthRent-free period Location of warehouse developments in the region % share of existingstock destinations in the region(by existing stock) 5.5mPopulation 35,559sqkmVoivodeship area Błonie820,000 sq m 4.1%Unemployment rate ECONOMIC DATA(06.2025, STATISTICS POLAND) Ożarów Mazowiecki460,000 sq m Average monthly salary(transportation and storagesector)PLN8,940(gross) Average monthly salary(enterprise sector)PLN10,170(gross) Pruszków440,000 sq m Teresin440,000 sq m HIGH-SPEED ROADS Mszczonów430,000 sq m 500kmExpresswaysS2, S7, S8, S17, S61 80kmHighwaysA2 RESEARCHDorota Lachowskadorota.lachowska@pl.knightfrank.com CAPITAL MARKETSKrzysztof Cipiurkrzysztof.cipiur@pl.knightfrank.com CONTACTS IN POLAND:+48 22 596 50 50www.KnightFrank.com.pl INDUSTRIAL AGENCYNatalia Mikanatalia.mika@pl.knightfrank.com VALUATION & ADVISORYMałgorzata Krzystekmalgorzata.krzystek@pl.knightfrank.com As 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 ava