60% of retail space in agglomerations

Nearly 60 percent of retail space currently under construction are located in main Polish agglomerations, compared with 20 percent at the end of 2013, according to a report compiled by Knight Frank. Experts expect increased activity of real estate developers in these cities. "At the end of 2014, there were nearly 900,000 square meters of retail space under construction. Nearly 60 percent of that are in the main Polish agglomerations, compared with 20 percent at the end of 2013. Such an increase is driven by a large scale investments, such as Posnania (100,000 sqm) in Poznań, Sukcesja (57,000 sqm) in Łódź, Forum Radunia (62,000 sqm) and Galeria Metropolia (33,700 sqm) in Tri-city," said Bożena Kozłowska, research consultant at Knight Frank. At the end of 2014, there were some 11.5 million sqm of retail space in Poland.