Retail supply surges

Poland’s retail real estate market delivered about 545,000 m² of new space last year, with 31 new brands debuting, according to Cushman & Wakefield. Despite monthly fluctuations, shopping-center footfall and turnover continue to satisfy landlords and tenants.

The fourth quarter alone added roughly 314,000 m² GLA—the strongest quarterly increase since 2016—covering developments above 5,000 m², including new builds, extensions, and refurbishments. Retail parks dominated 2025 supply (75%), followed by retail warehouses (13%), shopping centers (8%), and outlets (4%). Closures including Glinka Shopping Center, Makro Rybnik, and Galeria Lubelska removed around 80,000 m² from the market.

About 644,000 m² remains under construction, largely outside major metropolitan areas. Key recent openings included S1 Dąbrovia, Agata Meble Olsztyn, and Brama Jury. Major ongoing projects include BIG Piła and Galeria Podhalańska, with Plac Wiślany in Warsaw due in 2027. Footfall peaked in December, while prime rents were broadly stable year-on-year, with prime retail parks recording the steepest gains.