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Poland retail market

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Poland retail market

Modern retail stock exceeded 10.88 million sq m in May 2014.

Ca. 190,000 sq m of retail space was delivered to the market since January 2014.

Over 735,000 sq m of retail space is under construction Poland-wide.

Development of smaller, convenience centre type schemes is gaining in popularity.

Approximately 20% of retail space is under construction in counties (poviats) with less than 100,000 inhabitants.

Demand for retail space remains positive.

Further announcements of brands withdrawing from Poland.

Retail sales growth of 2.9% is expected in 2014, up from 2.5% in 2013.

Internet shopping is more and more popular but e-commerce share in retail sale is still lower than in Western European countries.

Source : Savills

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