JLL: 500 sqm of retail space delivered to the market in 2022

In 2022, nearly 500,000 square meters of new retail space were delivered, surpassing the five-year average. An additional 103,000 square meters were added in the first quarter of 2023, according to a new report by JLL.

The total commercial real estate under construction in Poland reached 387,000 square meters by the end of the first quarter, with retail parks accounting for 69% of the total. Approximately 94,000 square meters were being developed within shopping centers.

The largest projects included the renovated Sukcesja in Łódź, the newly opened Bawełnianka in Bełchatów, and Galeria Goplana in Leszno. Convenience retail formats saw the least amount of new development. Despite challenging market conditions, the Polish retail market continues to experience growth, and selected indicators are expected to improve in the short and medium term. 

Source: retailnet.pl