Warsaw remains the most attractive retail market in Poland – JLL

With vacancy rate at 1.6 percent and the lowest saturation level among Polish major cities (439 sqm per 1,000 residents), Warsaw remains the most sough-after market for international retailers and developers, according to JLL. The appeal of Poland’s capital is further increased by the fact that its purchasing power exceeds the national average by 65 percent. It currently has 1.62 million sqm of modern retail space, 1.1 million of which is located within shopping centers, 270,000 sqm in five retail parks, 186,000 sqm in stand-alone shopping warehouses and 50,000 sqm in three outlet centers. There are only 84,100 sqm of new space under construction across the city, but several new large schemes are at the planning stage, including Auchan Group’s 60,000-sqm Wilanów Park project, scheduled to be delivered in late 2016.