The retail sector is not slowing down

The pandemic, conflict in Ukraine as well as inflation and high interest rates that recent years have brought have reshaped the real estate market around the world. The global slowdown also resulted in last year's nearly three-fold decline in the value of transaction volumes in the real estate sector in Poland compared to the previous year.The more difficult economic environment influenced the development of the commercial market in our country, but not all sectors slowed down. The logistics, industrial and retail space markets are coping well in the new conditions, and their potential has been growing rapidly in recent years. The greatest progress, both in terms of new supply and share in investment transactions, was recorded in the retail sector last year. In 2022, the stock of modern retail space in Poland increased by approximately 350,000 sqm. Last year, new supply amounted to over 450,000 sqm, including approximately 70 pct space provided by new retail parks and convenience cent