Nearly 13 mln sqm retail stock in December in Poland
15:25
By the beginning of December 2015, the modern retail stock in Poland was nearly 13 million sqm, out of which 9.3 million sqm was accounted for by shopping centers (71 percent), followed by 3.5 million sqm for retail parks and warehouses, and 0.2 million sqm for outlet centers, according to a report by real estate consultancy JLL.
With a shopping center density of 241 sqm per 1,000 inhabitants, Poland remains above the European average level of 202 sqm but under the Western European level of 262 sqm,
“2015 was a good year for the retail market in Poland. So far, schemes totaling 650,000 sqm GLA have been delivered to the market - 33 percent more than in 2014. Currently, 566,000 sqm of retail space is under construction with shopping centers accounting for 94% of this amount. Furthermore, we recorded an increase in retail sales and positive GDP results. The level of purchasing power and increasing awareness among Polish people regarding the significance of brands is influencing decisions regarding market debuts and expansions," said Anna Wysocka, Head of Retail Agency at JLL.
