The total stock of modern industrial and logistics space reached 25 million sq m after the first quarter of 2022. This is an increase of 17% compared to the previous year.

4.52 million sq m is under construction, which more than twice as much as in the same period last year and almost the same amount, i.e. 2% less than at the end of 2021. Despite the issues with prices and availability of construction materials, we have been recording the highest level of warehouse space in history for several quarters, out of which approximately half is not secured with lease agreements. In the first quarter alone, 1.2 million sq m of new projects were started. 

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