Tailor Your Business in Lodz 2023

WAREHOUSE MARKET IN CENTRAL POLAND ŁÓDŹ REGION IN COMPARISON TO POLAND C entral Poland has seen high levels of new supply for over a year, resulting in improved warehouse availability in the region. As at the end of June 2023, there was more than 330,000 sq m available for lease, accounting for 7.6% of total stock - just above the average of 6.7% for the whole of Poland. Vacant stock is relatively evenly distributed across the subzones, giving tenants a wide choice of locations. Warehouse availability in Łódź amounts to approximately 85,000 sq m compared to around 44,000 sq m and 58,000 sq m in Stryków and Piotrków Trybunalski respectively. The lowest vacancy in the region is in Łódź, which however has recently seen improved availability with the completion of such projects as 7R Park Łódź East and Hillwood Łódź II in Chocianowice. New warehouse deliveries have also improved availability in emerging markets such as Łowicz (62,000 sq m), Zgierz (52,000 sq m) and Kutno (29,000 sq m). STOCK UNDER CONSTRUCTION I n June 2023 there was approximately 377,000 sq m of warehouse space under construction in Central Poland, accounting for 18% of the total development pipeline in the country. At that time, only Mazovia had more warehouse space underway - 448,000 sq m. Łódź is seen by investors as a mature yet prospective market. So there is no shortage of companies that feel confident enough in today’s uncertain times to take greater investment risk and deliver large-scale speculative projects. This is confirmed by more than 240,000 sq m, or 64% of the development pipeline, that had not been pre-let by June 2023. The Łódź region remains the most active development market with more than 200,000 sq m under construction. The largest projects are being developed there by Hillwood, Panattoni and MDC2. AVAILABILITY OF WAREHOUSE SPACE

WAREHOUSE SPACE UNDER CONSTRUCTION IN CENTRAL POLAND

800,000 700,000 600,000 500,000 400,000 300,000 200,000 100,000 0

sq m.

2021 Q1

2018 Q1

2019 Q1

2021 Q2

2022 Q1

2021 Q3

2023 Q1

2018 Q2

2018 Q3

2019 Q2

2019 Q3

2021 Q4

2018 Q4

2020 Q1

2019 Q4

2022 Q2

2022 Q3

2023 Q2

2022 Q4

2020 Q2

2020 Q3

2020 Q4

Space available for lease

Leased space

Source: Cushman & Wakefield

SELECTED PROJECTS UNDER CONSTRUCTION JUNE 2023

Project

Developer Hillwood Hillwood Panattoni

City

Leasable area (sq m)

Hillwood Łódź Chocianowice

Łódź

97,142

Hillwood Rawa Mazowiecka

Rawa Mazowiecka

78,000

Panattoni Park Łódź South II

Kruszów

57,200

MDC2 Park Łódź South

MDC2

Łódź Łódź Łódź

51,972

Hillwood Łódź Górna

Hillwood

41,878

Panattoni City Logistics Łódź VI

Panattoni Panattoni

26,638

Panattoni BTS DPD

Lućmierz

5,800

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