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Pomerania Tri - City Real Estate Market

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Page 1: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Pomerania

Tri-City

Real Estate Market

Page 2: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

▪ Tri-City Agglomeration: M 1,2 people;

▪ Core Tri-City Area: 414 km;

▪ Transportation: Fast Urban Railway, trams, buses.

Tri-City (Gdansk, Gdynia, Sopot)

WARSAW

TRI-CITY

Page 3: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Gdynia

Sopot

Gdańsk

Baltic Sea

Gdansk Lech Walesa Airport

Port of Gdynia and Port of Gdansk

A1 Motorway, S6 and S7 Expressway

Railway

Page 4: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Gdansk – Warsaw – 3h 35m*

Gdansk – Krakow– 6h 25m*

* A1 Motorway

Gdansk – Warsaw – 2 h 45m*

Gdansk – Krakow– 5h 13 m*

* Pendolino train

Developed road & railway network

GDANSK

WARSAW

Olsztyn

Slupsk

Bialystok

Torun

Poznan

Szczecin

S6

A2

A1

A1

A2A2

S7

S22

S7

5

Main roads

Roads under construction

--- Railway network

Borders of voivodships

Page 5: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Direct Flight Connections to All Major European Airports

▪ Lech Walesa International Airport serves

connections with the most important

European cities;

▪ Among all Polish airports, Gdansk offers

the greatest number of air connections

with the Scandinavian countries.

Page 6: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

2,9

mln

▪ 4,6 million passengers in 2017;

▪ Most popular airlanes in 2017: Warsaw, London, Oslo, Stockholm,

Copenhagen, Frankfurt, Munich, Dortmund, Cracow, Turku.

3,3

mln

3,7

mln

4,0

mln

2013

20142015

2016

Number of passengers

2017

4,6

mln

Page 7: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Sea Ports in Gdansk and Gdynia

Source: DCT Gdańsk

Source: Own materials

▪ All kinds of cargo;

▪ Direct calls from China;

▪ Biggest vessels in the world call at Gdansk;

▪ Biggest container hub in the Baltic Sea;

▪ 112 cruise ships in 2017.

Source: Own materials

Page 8: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Mix of architecture

Page 9: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range
Page 10: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Growing economy

Page 11: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Growing economy

▪ GDP Growth: 4,5% (2016);

▪ Business Services- 41 centres, 10.000 people;

▪ IT – 67 centres, 16.000 software developers;

▪ Logistics – growing hub for CEE;

▪ Shipbuilding – 2 bilion Euro sales annualy;

▪ Tourism.

Page 12: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Office market

Page 13: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Office stock by completion year (m2)

51%

24%

10%

15%

0-5 years

6-10 years

11-15 years

over 16 years

Source: Colliers International 2018, The largest office markets in Poland, Market Insights 2018

Page 14: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Completions

Tri-City 2010-2017

Source: JLL, PORF, Q4 2017

Page 15: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Source: Colliers International 2018, The largest office markets in Poland, Market Insights 2018

73%

22%

5%

Gdańsk Gdynia Sopot

The total stock in TriCityamounts to almost

700 000 m2

TriCity is at the third place among regional markets in Poland

regarding total stock

Page 16: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Source: Colliers International 2018, The largest office markets in Poland, Market Insights 2018

*f forecast

New supply 2010-2017 (m2)

0

20000

40000

60000

80000

100000

2010 2011 2012 2013 2014 2015 2016 2017 2018f

Page 17: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Gross take-up

Tri-City 2010-2017

Source: JLL, PORF, Q4 2017

Page 18: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Source: Colliers International 2018, The largest office markets in Poland, Market Insights 2018

Demand – main sectors

IT & TELECOMS

15%

RETAIL

14%

PROFESSIONALS

SERVICES

16%

FINANCE INSURANCE

21%

Page 19: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Source: Colliers International 2018, The largest office markets in Poland, Market Insights 2018

Demand by deal size (m2)

16%

49%

35%

<1000

1000-5000

5000-10000

Page 20: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Source: Colliers International 2018, The largest office markets in Poland, Market Insights 2018

Rent

City Rent/EUR/m2/month

Warszawa 12-22

Kraków 13,2-15,5

Wrocław 13-15,5

TriCity 12-15,5

Katowice 12,2-14,5

Poznań 13,5-17

Łódź 12-13,5

Lublin 11-13

Szczecin 11-14

Page 21: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Industrial market

Page 22: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Stock evolution

Source: JLL, Q4 2017

Page 23: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Demand (net take-up and renewals)

Source: JLL, Q4 2017

Page 24: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Main business sectors in 2017

60%24%

7%

5%

4%

3PL

Retail

Production

FMCG

E-commerce

Source: Colliers International 2018, Warehouse real estate market, Market Insights 2018

Page 25: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Leasing agreements structure in 2017

59%

39%

2%

new deals renegotiations expansions

Effective rental rates for modern

industrial space in Tricity were in the

range of 2.2-2.9 EUR/m2/month.

Source: Colliers International 2018, Warehouse real estate market, Market Insights 2018

Page 26: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Residential market

Page 27: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

New flats with building permits

Source: JLL/ Central Statistical Office of Poland (GUS)

According to GUS nomenclature, flat refers both to units in multifamily houses as well as units in single family houses

Page 28: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Flats, the construction of which has started

Source: JLL/ Central Statistical Office of Poland (GUS)

According to GUS nomenclature, flat refers both to units in multifamily houses as well as units in single family houses

Page 29: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

New flats with permission to use

Source: JLL/ Central Statistical Office of Poland (GUS)

According to GUS nomenclature, flat refers both to units in multifamily houses as well as units in single family houses

Page 30: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Sales

Source: JLL/ redNet Property Group/ REAS

Numbers refer to units in multifamily houses solely

Page 31: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Prices on the primary market

Source: JLL/ National Bank of Poland (NBP)

Page 32: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Prices on the secondary market

Source: JLL/ National Bank of Poland (NBP)

Page 33: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Retail market

Page 34: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Retail market distribution at present

Source: JLL, April 2018

Retail format GLA (m2) Share of the sector No. of schemes

Shopping centres 560,000 66% 24

Retail parks 157,300 18% 5

Retail warehousing 134,000 14% 16

Outlet centres 16,700 2% 1

Total 868,000 100% 46

Page 35: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

The age of shopping centres

7%

30%

30%

33%

0-5 years

6-10 years

11-15 years

over 15 years

Source: Colliers International, Shopping centers in agglomerations, Q2 2017

Page 36: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Development of retail space within shopping centre format

Source: JLL

Page 37: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Growing tourism

Page 38: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Growing tourism

Source: PROT

Growing number of

tourists in Pomerania

reaching 9 mln

visitors

0

1000000

2000000

3000000

4000000

5000000

6000000

7000000

8000000

9000000

2011 2012 2013 2014 2015 2016 2017

Page 39: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Growing tourism

37%

24%

16%

10%

7%6%

Other Germany Norwegians Swedes British Russians

19% of the tourists

are of foreign origin

Source: Statistical Office in Gdańsk, May 2017

Page 40: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Hotel market

Page 41: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Hotels

Hotels in Pomerania by categories in 2012-2017

Source: Own elaboration based on Local Data Bank [www.bdl.stat.gov.pl]

0

10

20

30

40

50

60

70

80

90

100

2012 2013 2014 2015 2016 2017

5* hotels

4* hotels

3* hotels

Page 42: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Hotels

Bed places in touristic accomodation in Pomerania

Source: Own elaboration based on Local Data Bank [www.bdl.stat.gov.pl]

0

20000

40000

60000

80000

100000

120000

2012 2013 2014 2015 2016 2017

number of bed places

Page 43: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Hotels

The utilization rate of accommodation in all tourist establishments [%]

0

5

10

15

20

25

30

35

40

45

2012 2013 2014 2015 2016 2017

Poland

Pomerania

Source: Own elaboration based on Local Data Bank [www.bdl.stat.gov.pl]

Page 44: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Hotels

The utilization rate of accommodation in hotels in Pomerania [%]

Source: Own elaboration based on Local Data Bank [www.bdl.stat.gov.pl]

0

10

20

30

40

50

60

70

2012 2013 2014 2015 2016 2017

5* hotels

4* hotels

3* hotels

Page 45: Pomerania Tri-City Real Estate Marketdl.ptwp.pl/5WVXqvZm3b/pomerania-tri-city-real-estate-market.pdf · Effective rental rates for modern industrial space in Tricity were in the range

Mikołaj Trunin

Deputy Director

T: +48 58 32 33 242

T: +48 609 860 060

E: [email protected]

Anna Rajzer

Project Manager - Logistics

T: +48 58 32 33 180

T: +48 607 555 610

E: [email protected]

Monika Cirocka

PR&Marketing Specialist

T: +48 58 32 33 149

T: +48 500 351 535

E: [email protected]

Anna Huryn

PR&Marketing Specialist

T: +48 58 32 33 248

T: +48 500 351 639

E: [email protected]

Contact us: