CBRE: Retail space increases by 107,400 sqm in Q1 2023

In the first quarter of 2023, the retail space in Poland increased by 12 objects, occupying 107.4 thousand square meters, with 362.3 thousand square meters still under construction, according to a report by CBRE. The report shows that the new retail space is dominated by retail parks, which account for two-thirds of all new objects, with larger projects such as the renovated Fort Wola and Promenada galleries in Warsaw also present.

The focus of developers is still on retail parks in smaller cities, while multi-functional facilities are also developing. CBRE data shows that two new brands, Master Burger from Ukraine and Lush from the UK, have appeared in Poland since the beginning of the year.

Source: PAP Business