Pomerania Tri-City Real Estate Market
Tri-City (Gdansk, Gdynia, Sopot) Tri-City Agglomeration: M 1,2 people; Core Tri-City Area: 414 km; TRI-CITY WARSAW Transportation: Fast Urban Railway, trams, buses.
Gdynia Gdansk Lech Walesa Airport Port of Gdynia and Port of Gdansk A1 Motorway, S6 and S7 Expressway Railway Sopot Baltic Sea Gdańsk
Developed road & railway network Slupsk S6 GDANSK S22 A1 Olsztyn S7 Szczecin 5 Torun Bialystok A1 A2 Poznan S7 Borders of voivodships Main roads A2 A2 WARSAW Roads under construction --- Railway network Gdansk Warsaw 3h 35m* Gdansk Krakow 6h 25m* * A1 Motorway Gdansk Warsaw 2 h 45m* Gdansk Krakow 5h 13 m* * Pendolino train
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.
Number of passengers 4,6 million passengers in 2017; Most popular airlanes in 2017: Warsaw, London, Oslo, Stockholm, Copenhagen, Frankfurt, Munich, Dortmund, Cracow, Turku. 2,9 mln 3,3 mln 3,7 mln 4,0 mln 4,6 mln 2013 2014 2015 2016 2017
Sea Ports in Gdansk and Gdynia 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 Source: Own materials Source: DCT Gdańsk
Mix of architecture
Growing economy
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.
Office market
Office stock by completion year (m2) 15% 10% 24% 51% 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
Completions Tri-City 2010-2017 Source: JLL, PORF, Q4 2017
TriCity is at the third place among regional markets in Poland regarding total stock 5% 22% The total stock in TriCity amounts to almost 700 000 m2 73% Gdańsk Gdynia Sopot Source: Colliers International 2018, The largest office markets in Poland, Market Insights 2018
New supply 2010-2017 (m2) 100000 80000 60000 40000 20000 0 2010 2011 2012 2013 2014 2015 2016 2017 2018f Source: Colliers International 2018, The largest office markets in Poland, Market Insights 2018 *f forecast
Gross take-up Tri-City 2010-2017 Source: JLL, PORF, Q4 2017
Demand main sectors IT & TELECOMS 15% FINANCE INSURANCE 21% PROFESSIONALS SERVICES 16% RETAIL 14% Source: Colliers International 2018, The largest office markets in Poland, Market Insights 2018
Demand by deal size (m2) 35% 16% 49% <1000 1000-5000 5000-10000 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 Source: Colliers International 2018, The largest office markets in Poland, Market Insights 2018
Industrial market
Stock evolution Source: JLL, Q4 2017
Demand (net take-up and renewals) Source: JLL, Q4 2017
Main business sectors in 2017 7% 5% 4% 24% 60% 3PL Retail Production FMCG E-commerce Source: Colliers International 2018, Warehouse real estate market, Market Insights 2018
Leasing agreements structure in 2017 2% 39% 59% Effective rental rates for modern industrial space in Tricity were in the range of 2.2-2.9 EUR/m2/month. new deals renegotiations expansions Source: Colliers International 2018, Warehouse real estate market, Market Insights 2018
Residential market
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
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
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
Sales Source: JLL/ rednet Property Group/ REAS Numbers refer to units in multifamily houses solely
Prices on the primary market Source: JLL/ National Bank of Poland (NBP)
Prices on the secondary market Source: JLL/ National Bank of Poland (NBP)
Retail market
Retail market distribution at present 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 Source: JLL, April 2018
The age of shopping centres 7% 33% 30% 30% 0-5 years 6-10 years 11-15 years over 15 years Source: Colliers International, Shopping centers in agglomerations, Q2 2017
Development of retail space within shopping centre format Source: JLL
Growing tourism
Growing tourism 9000000 8000000 7000000 6000000 5000000 4000000 Growing number of tourists in Pomerania reaching 9 mln visitors 3000000 2000000 1000000 0 2011 2012 2013 2014 2015 2016 2017 Source: PROT
Growing tourism 7% 6% 10% 37% 16% 19% of the tourists are of foreign origin 24% Other Germany Norwegians Swedes British Russians Source: Statistical Office in Gdańsk, May 2017
Hotel market
Hotels Hotels in Pomerania by categories in 2012-2017 100 90 80 70 60 50 40 5* hotels 4* hotels 3* hotels 30 20 10 0 2012 2013 2014 2015 2016 2017 Source: Own elaboration based on Local Data Bank [www.bdl.stat.gov.pl]
Hotels Bed places in touristic accomodation in Pomerania 120000 100000 80000 60000 number of bed places 40000 20000 0 2012 2013 2014 2015 2016 2017 Source: Own elaboration based on Local Data Bank [www.bdl.stat.gov.pl]
Hotels The utilization rate of accommodation in all tourist establishments [%] 45 40 35 30 25 20 Poland Pomerania 15 10 5 0 2012 2013 2014 2015 2016 2017 Source: Own elaboration based on Local Data Bank [www.bdl.stat.gov.pl]
Hotels The utilization rate of accommodation in hotels in Pomerania [%] 70 60 50 40 30 5* hotels 4* hotels 3* hotels 20 10 0 2012 2013 2014 2015 2016 2017 Source: Own elaboration based on Local Data Bank [www.bdl.stat.gov.pl]
Contact us: Mikołaj Trunin Deputy Director T: +48 58 32 33 242 T: +48 609 860 060 E: mikolaj.trunin@investinpomerania.pl Anna Rajzer Project Manager - Logistics T: +48 58 32 33 180 T: +48 607 555 610 E: anna.rajzer@investinpomerania.pl Monika Cirocka PR&Marketing Specialist T: +48 58 32 33 149 T: +48 500 351 535 E: monika.cirocka@investinpomerania.pl Anna Huryn PR&Marketing Specialist T: +48 58 32 33 248 T: +48 500 351 639 E: anna.huryn@investinpomerania.pl