Cushman & Wakefield published their Central & Eastern European warehousing market research results. 514 thousand square meters of warehouses were built in Poland in 2012, followed by 106 thousand in Czech Republic and 82 thousand in Slovakia. In Hungary and Romania only 20 thousand square meters of warehouses were built. Panattoni, Goodman, Prologis, CTP and Segro were the most active warehouse developers in the region. These 5 companies altogether delivered 70% of new storage space.
2.8 million square meters of storage space were rented in Central & Eastern Europe in 2012: more than a half of it in Poland (1.5 million sq. m.), approximately a quarter of it in Czech Republic (670 thousand sq. m.). 2012 was better than average, however still below the top year 2011, when 3.2 million sq. m. had been rented.
Modern warehouses in Central Europe have a total of over 15 million square meters, of which 10.5 percent is vacant (about 1.6 million sq. m.). In the last year base rents remained stable at 3.5-3.7 Euro per sq. m. a month. The highest rental rates are achieved in the most attractive locations, especially near capital cities, where warehouse supply is high and companies are incentivized by developers.