CBRE: area of shopping centers to increase by 2.5% y/y in 2019

The total area of shopping centers in Poland will increase by approximately 300,000 sqm this year, which means a 2.5% increase in existing supply y/y. Last year, the growth rate stood at 3.1%, according to CBRE’s “Market view: Polish retail market after Q3 2019” report. This is the smallest increase in the last 20 years and is the result of market saturation.

“The shopping center market slowed down a bit, although the pace of…