Pandemic not so severe for shopping centers

The pandemic and the associated lockdowns have undoubtedly caused major turbulence in the retail market. However, they did not cause a significant increase in the level of empty units in shopping centers, as could be expected. The average vacancy rate in commercial facilities in the largest agglomerations increased by 0.5 pp on average during the year and now amounts to 5.3 percent, as the latest CBRE data indicate. The increase is most visible in Wrocław, the Tri-City, and Poznań.