Around 351,000 sqm of retail space completed in H2 2017 – PRRF

Approximately 351,000 sqm of retail space was completed in Poland in the second half of last year, which brought the country’s total modern stock to 11.54 million sqm of GLA, according to Polish Retail Research Forum (PRRF) data. The largest completions included the Wroclavia shopping center in Wrocław and the Galeria Północna mall in Warsaw. Some 533,300 sqm of GLA was under construction at the end of 2017 with over 83 percent of the volume scheduled to be completed this year. The largest 2018 completions will include Forum Gdańsk (62,000 sqm), Galeria Libero in Katowice (45,000 sqm) and Gemini Park in Tychy (36,000 sqm). The biggest shopping mall now under construction in Poland – Galeria Młociny in Warsaw (75,000 sqm) – is to be delivered next year. At the end of December 2017, the vacancy rate for the 18 largest retail markets in Poland stood at 4.0%.

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