Logistics and retail continue to reign supreme in warehouses

Logistics and retail continue to reign supreme in warehouses
Total take-up of warehouse space in Poland hit record levels in 2020, reaching almost 5 million sq m. Demand came mainly from logistics/CEP and retail, which accounted for 34% and 17% of the leasing activity, respectively, while e-commerce made up close to 10% of the total take-up, reveals a summary from global real estate services firm Cushman & Wakefield.

In 2020, as in 2019, warehouse take-up came predominantly from two sectors: logistics/CEP and retail, which accounted for 34% and 17% of the transactional activity, respectively, driven by the growing consumer demand for FMCG, electronics, home appliances, furniture and homeware.

E-commerce companies remained very active throughout 2020, accounting for almost 10% of all deals. This result, however, does not reflect the whole demand generated by e-retailers. Companies from various sectors (retailers and store chains in particular) are rapidly developing multichannel retailing, thereby boosting demand for logistics services and various types of warehouse space, including logistics centres for national and cross-border distribution and last-mile logistics facilities. The estimated share of e-commerce across the board already exceeds one-third of total take-up. Light manufacturing and the automotive industry also remain major sources of demand, accounting for 12% and 6%, respectively. Companies from these sectors were the hardest hit by the pandemic and scaled back manufacturing during the first phase of the crisis, but are now gradually returning to normal business activity. The global trend towards e-mobility and investments connected with the expected reorganisation of global supply chains are likely to help rebuild and develop the potential of these sectors in the coming years.


Full report: https://info.cushmanwakefield.com/l/263412/2021-02-11/3gprfx


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Cushman & Wakefield

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