Colliers summarizes Katowice's retail market
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The Katowice conurbation is characterized by a distracted retail market with two main centers – Katowice and Gliwice. There are 44 schemes that significantly vary in terms of size and quality. These total 1.1 million sqm of GLA with a density of 519 sqm/1,000 inhabitants. There are almost 48,890 inhabitants per shopping center, according to the Colliers International publication ”Shopping centers in agglomerations Q2 2016 | Katowice Conurbation."
Last year there were two new shopping centers completed in the market totaling over 50,000 sqm of GLA – Galeria Galena in Jaworzno and Supersam in Katowice. The construction of another scheme – Quick Park Mysłowice (about 13,000 sqm) is to be finished in the second half of 2016. The largest retail scheme in the market is still Silesia City Center in Katowice with space of 84,000 sqm and over 300 retail, service, entertainment and gastronomy units.
Currently, in the Katowice conurbation there is approximately 50,000 sqm of GLA under construction.
The average vacancy rate at the end of 2015 reached 3.8 percent, but in the first half of 2016 it dropped to 3.3 percent. Rental rates are at the level of €43-45 sqm/month for a 100-150 sqm fashion unit in the most popular shopping centers.
