Over the past few weeks, there has been a sharp rise in the price of crucial commodities in construction, mainly of steel, plastics and wood. Prices are soaring in retail and in the industrial buildings for manufacturing or logistics sector, and these are having a marked impact on already high rental costs.
The Polish industrial market remains in great form. The sector is still attractive in the eyes of investors, and the boom in the e-commerce industry continues to fuel occupier demand. Take-up in Q1 2021 was 59% higher than in the same period last year, at 1.6m sqm. In addition, new sources of financing and greater developer confidence resulted in an increase in the amount of space under construction, which at the end of March 2021 reached 2.3m sqm (+11% y/y). AXI IMMO presents the latest report, "Polish Warehouse Market in Q1 2021".
Part of the Glamox Group, ES-SYSTEM, a producer and supplier of professional lighting systems, decide to let nearly 11,500 sqm of modern warehouse and office space in the 7R Park Poznań East logistics centre. The tenant was represented in the negotiation process by AXI IMMO consultants.
In the commercial real estate market, there is currently a shortage of industrial and logistics premises, as well as land suitable for their construction. This is mainly due to growing demand, and the fact that local governments aren’t motivated by tax benefits to construct them.
Read MoreMore and more "super warehouses" in belgium
The Belgian logistics sector is booming. An estimated 600,000 square metres of new warehouses will be added this year.
Partner of IRELS since 2019, Renata Osiecka, Managing Partner at Axi Immo in Poland, responds to our questions regarding the impact of the automated warehouses.
Read MoreWarehouses can be automated in a number of ways, from automating operations like picking, barcode labels and scanning, and vehicules, to automating back-office processes.
Any warehouse that needs to improve their bottom line can benefit from automation.
The logistics sector has been recording an almost exponential growth rate, regardless of the sub-segment such as procurement, production or sales logistics.
The dynamic demand side is strengthening the European logistics market.
Axi Immo and 108 agency were rewarded as the best broker in their respective countries.
Their respective founder also received a personal award for their leadership.
After Invertica (Spain), four new partners have joined IRELS network: Logivest (Germany), 108 agency (Czech Republic & Slovakia), Axi Immo (Poland).
IRELS represents now 18 offices, 200 exprerts to support its customers in their own real estate logistics projects.