Colliers: 30,000 sqm of shopping center space delivered in H1 2017

In H1 of 2017, only some 30,000 sqm of retail space in shopping centers was delivered to the market in Poland, half of which were extensions. The total stock of modern retail space at the end of June 2017 reached about 11.2 million sqm, according to a recent report prepared by Colliers International. The level of supply for the entire 2017 is estimated at a similar level as last year, at around 400,000 sqm. Extensions and modernization of the existing facilities account for 12 percent of space currently under construction. At the end of Q2 2017, approximately 750,000 sqm of modern shopping center space under construction, around 47 percent of which is scheduled to be delivered by the end of H2 2017.  The largest shopping centers under construction are Galeria Młociny (73,000 sqm) and Galeria Północna (64,000 sqm) in Warsaw, Wroclavia in Wroclaw (64,000 sqm), Forum Gdańsk (62,000 sqm) and Serenada in Kraków (42,000 sqm).