25 retail chains enter Polish market in 2014 – CBRE

As many as 25 new retail chains have entered the Polish market this year, driving up demand for retail space. The retail real estate market will see some 450,000 sqm of new space come online over the entire 2014, wile another 688,000 sqm of GLA will be completed next year, according to a report published by CBRE. Experts believe that the market should see some new retail concepts emerge over the next few years, including specialized schemes, for example catering only to premium brands, as well as more convenience centers and strip malls. E-commerce continues to grow and in 2015 it could account for over 5 percent of the entire revenue from retail. As many as a third of retail chains are planning on increasing the role e-commerce plays in their business. Meanwhile, in view of a shortage of prime shopping malls for sale, real estate investors are starting to look at high streets, CBRE analysts said.