2025年第四季度上西里西亚仓储市场

Investment Rating - The report does not explicitly state an investment rating for the warehouse market in Upper Silesia Core Insights - The Upper Silesia region is the second-largest warehouse market in Poland, with a modern warehouse stock exceeding 6.2 million sq m, accounting for 16.9% of the country's total supply [5][6] - The region's attractiveness is attributed to its well-developed road infrastructure and convenient transport connections with neighboring countries, enhancing its position as a key logistics hub in Poland and Central Europe [5] - In 2025, total leasing activity reached nearly 1.07 million sq m, marking an increase of almost 30% compared to 2024 [9] - The vacancy rate at the end of Q4 2025 was approximately 8.2%, which is an increase of 2.3 percentage points compared to the previous year [10] Summary by Sections Supply and Demand - In 2025, more than 290,000 sq m of new warehouse space was delivered, which is below the five-year average of 465,000 sq m [6] - Approximately 190,000 sq m of modern warehouse space was under construction at the end of December 2025, representing a 50% decrease from the previous year [7] - Only 35% of the space under construction had secured lease agreements, significantly below the national average of approximately 60% [8] Leasing Activity - The largest lease agreements in 2025 included a renewal at Prologis Park Chorzów (55,900 sq m) and a new lease at Panattoni Park Katowice Airport (40,000 sq m) [9] - Tenant activity was primarily focused on renegotiations and renewals of existing agreements due to the limited volume of new supply [10] Rental Rates - Asking rents for warehouse space in Upper Silesia remained stable, ranging from EUR 4.00 to 6.00 per sq m per month [11]