Over 13.5 mln sqm of modern retail stock in Poland in H1 - C&W

Poland's modern retail stock totaled 13.53 million sqm by the end of H1 2016, according to data from "Property Times: Increased market competition calls for a quick response" report by global real estate services firm Cushman & Wakefield. Shopping centers accounted for 73 percent of Poland's total stock (409 schemes providing 9.83 million sqm), while retail warehouses had an 18 percent market share (255 schemes, 2.43 million sqm), retail parks - 7.5 percent (63 schemes, 1 million sqm) and outlet centers - 1.5 percent of market share (13 schemes, 218,000 sqm). New retail space supply stood at 121,000 sqm in H1 2016. There is currently 690,000 sqm of retail space under construction scheduled to be completed by year-end 2017. More than half of the current development pipeline (363,000 sqm) is scheduled to be delivered onto the market by the end of 2016, bringing this year’s total retail supply to around 490,000 sqm, which is 25 percent less than in the previous year.