Retail real estate market growth

The Polish retail real estate market expanded by 215,000 sq m in the first half of 2024, with notable activity in both small and large cities, according to JLL. The market saw 13 transactions, including the sale of six shopping centers by Cromwell Polish Retail Fund to Star Capital Finance—the largest retail transaction in Poland since 2019. Retail parks and convenience centers dominated new supply, accounting for 80% of the total area. The market's total transaction volume reached nearly EUR 497 million, a 149% increase year-on-year. Inflationary pressures are easing, with JLL predicting improved market conditions ahead.