13:38 21 November 2019
Poland’s retail property market slowing down
The Polish retail property market has matured, which is reflected by a steadily decreasing level of new supply, according to a report by BNP Paribas Real Estate Poland. Approximately 51,000 sqm of retail space was completed in the country in Q3 with the total 2019 supply volume expected to reach around 400,000 sqm. This would be the lowest level in 20 years. The 2020 figure could be even lower as no very large shopping centers are in the pipeline and most of the ongoing shopping mall and retail park schemes are sized less than 20,000 sqm. Smaller markets with populations of below 100,000 (which account for some 60% of under-construction retail space) will continue to gain in significance in the coming years.
(Warsaw Business Journal)
