Retail space supply to grow this year – C&W

More than 180,000 sqm of new retail space was completed in Poland in H1 2018, with shopping centers accounting for nearly 80% of the volume, according to the latest MarketBeat report by Cushman & Wakefield. An additional 330,000 sqm of new retail area is expected to be delivered in the country in the second half of this year, which would translate into the highest annual supply level in three years, the study said. Interestingly, as much as 40% of the new retail space set to hit the Polish retail property market in 2018 will be located in small cities inhabited by less than 100,000 people. The total volume of existing retail space in Poland should exceed 14.8 million sqm at the end of this year, according to Cushman & Wakefield data.

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