Developers in the retail market not slowing down

The retail market, still suffering from the effects of the pandemic, as well as double-digit and growing inflation, ended the first quarter of 2022 with a result of 30,600 sqm GLA of new supply. Thus, the total stock of space in this sector exceeded 12.4 million sqm GLA. The developers' plans for this year include the delivery of another 350,000 sqm GLA of retail space, of which 244,000 sqm is under construction. The new investments will mainly take the form of small retail parks with a daily shopping profile, according to the latest data from Colliers.

"In the first quarter of 2022, we observed an increase in rental activity on the part of large and medium-sized entities, including in the food, discount, fashion and recreation sectors. Innovative concepts are also created that are the response of retail chains to the changing needs of customers. Examples include, for example, Żabka Nano in large-format stores, InPost parcel lockers in Żabka stores, Less.store circular store, Homla showroom or TOP & POP Inmedio. The past quarter was also marked by several debuts, including Philipp Plein and Snipes," Katarzyna Michnikowska, Director of the Advisory and Market Research Department at Colliers, said.

(WBJ)