The total amount of modern retail space that is currently being built in Poland reaches 590,000 sqm, while nearly a half – 252,000 sqm – of which is set to be delivered in the largest Polish agglomerations, primarily in Wrocław, Poznań, Łódź, Tri-City, Katowice and Warsaw.
In Wrocław, Unibail-Rodamco has started the work on of the 64,000 sqm Wroclavia mall, while in Poznań Apsys is already well advanced with the 100,000 sqm Posnania shopping centre. Retail competition will be fierce in these cities, where retail density ratios are already reaching a very high level. In Wrocław it stands at 617 sqm per 1,000 residents, and in Poznań at 622 sqm per 1,000 residents, while the average density for the largest Polish cities hits 502 sqm.
The 46,000 sqm Sukcesja shopping mall is currently being constructed in Łódź and the 34,000 sqm Galeria Metropolia is being erected in the TriCity. Meanwhile, the work is to start on Forum Gdańsk (62,000 sqm). This year, Katowice
Flex market picks up momentum
Flex market picks up momentum
The flexible office market in Poland is growing rapidly. In the upcoming years, we can expect the pace of its development to accelerate. Currently, over 420,000 sqm of flex space a ...
Walter Herz
Optimism returns
Optimism returns
Lower interest rates in the eurozone and the easing of monetary policy in Poland are expected to revive investment in the real estate market. A noticeable increase in the value of ...
Walter Herz
Warehouse developers now more cautious
Warehouse developers now more cautious
Pre-leases are now an important criterium Currently, the highest investment activity is seen for projects that have a secured pre-leasing level of at least 50-60 pct of the spa ...
Avison Young