PL

Poland Retail parks dominate new supply

Retail & leisure
Close to 70,000 sq m of new retail space was delivered to the Polish market in Q1 2021, according to Cushman & Wakefield.

The new supply comprised eight new retail projects sized between 5,000 sqm and 11,000 sqm, most of which were standalone stores and small retail parks. Additionally, extensions to two existing retail parks were completed in Q1 2021. Around 35 pct of the new supply is the return of Tesco’s former stores after conversion into Castorama DIY stores in Starogard Gdański, Ruda Śląska and Tychy. More than 380,000 sqm of retail space is currently under construction and scheduled for delivery either this year or in 2022. Of the 31 projects in the pipeline, 16 are retail parks, with the biggest expected to provide 18,000 sqm.

The pandemic has accelerated the growth of this format, which – together with convenience shopping centres – is part of the rising trend of convenience shopping in small retail developments close to where people live.
Małgorzata Dziubińska, an associate director at Cushman & Wakefield

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