10.9 mln sqm of GLA in shopping centres at the end of June

At the end of June 2016, Poland’s total stock of modern shopping centers, including retail parks and outlet centers, reached 10.9 million sqm of GLA across 467 retail schemes, according to the Polish Retail Research Forum (PRRF). The Warsaw agglomeration (nearly 1.5 million sqm of GLA) and the Katowice conurbation (more than 1.1 million sqm of GLA) remain the largest retail markets in Poland. Of the eight major agglomerations, Szczecin has the smallest modern retail stock of 273,000 sqm of GLA. Among the eight largest retail markets in Poland, the highest retail saturation levels are invariably in the Wrocław agglomeration (817 sqm per 1,000 inhabitants) and the Poznań agglomeration (764 sqm per 1,000 inhabitants), whilst the lowest is in Szczecin (489 sqm per 1,000 inhabitants). In H1 2016, only 83,000 sqm of leasable space was added to the total modern stock of shopping centers in Poland. Three new shopping centers were opened providing a total of 39,000 sqm of leasable space: Galeria Glogovia (21,500 sqm) in Głogów, Karuzela in Września (12,000 sqm) and Galeria Awangarda in Bartoszyce (6,000 sqm), all in cities with fewer than 100,000 inhabitants. H1 2016 also saw the first ever closing down of a shopping center: Centrum Sosnowiec in Sosnowiec (17,000 sqm). At the end of H1 2016, there was approximately 620,000 sqm of modern shopping center space under construction, around 48 percent of which is scheduled to be delivered by year-end 2016.