Commercial real estate to expand into smaller cities: experts

According to the international consulting company Cushman & Wakefield, investment activity on the Polish commercial real estate market reached €1.95 billion in 2019, which was in the range of achieved values from the last five years.

As much as 406,000 sqm of modern retail space was delivered in 2019. About 500,000 sqm is currently under construction, of which 85 percent is expected to open by the end of this year.

The total stock of retail space in 2019 (all formats) amounted to 15 million sqm. Most of the new space was donated in the format of shopping centers – 183,000 sqm.

In the near future, we will continue to observe increased investor interest in smaller cities with less than 100,000 inhabitants, experts forecast.

(WBJ)