Colliers International summarizes Szczecin retail market Q2 2016

Szczecin, the smallest retail market in the group of eight agglomerations, offers 280,000 sqm GLA in 11 shopping centers which results in density of 503 sqm per 1,000 inhabitants. There are on average 50,730 inhabitants per one shopping center, according to Colliers International publication ”Shopping centers in agglomerations Q2 2016 | Szczecin."

The newest completion in the market is Marcredo Center with area of 14,000 sqm GLA delivered in 2013. The largest retail scheme in Szczecin is Galeria Kaskada (43,000 sqm GLA and 140 units). The second shopping center in terms of size is Galaxy (42,500 sqm GLA), which in the coming years has the opportunity to become the biggest one due to the expansion of approximately 17,000 sqm.

The average vacancy rate at the end of 2015 has reached 3 percent, in the first half of 2016 it dropped to 2 percent. The highest rental rates are at the level of EUR 37-39 sqm/month for a 100-150 sqm fashion unit in the most popular shopping centers.