Articles
Polish retail market performs well: retail parks dominate new openings as vacancy rates fall
In Q3 2024, the Polish retail market expanded by another 116,000 sqm. With average retail vacancy rates in the largest Polish cities falling and tenants posting rising turnover levels, predictions of the imminent decline of shopping centres in Poland have proven premature, says BNP Paribas Real Estate Poland in its latest report “At a Glance: Modern Retail Market in Poland, Q3 2024”.
THE KRAKOW JEWEL MANAGED LOCALLY BY BNP PARIBAS REAL ESTATE POLAND
One of the most interesting mixed-use assets in the country, the Browar Lubicz (Lubicz Brewery), has recently changed its owner and is now part of the portfolio of Interpierre Europe Centrale, an SCPI managed by PAREF Gestion.
STRONG DEMAND FOR OFFICES IN REGIONS. THE KRAKÓW MARKET GREW THE MOST. TRICITY WITH A MILLION SQ M OF OFFICE SPACE.
At the end of the second quarter, eight regional office markets stock amounted to a total office space of 6.34 million sq m. Kraków still leads the pack with approx. 1.67 million sq m of offices, being followed by Wrocław with 1.3 million sq m.
REAL ESTATE INVESTORS SPENT OVER ONE BILLION TWO HUNDRED MILLION EURO IN THE SECOND QUARTER
High investment activity in the second quarter translated into the value of transactions on the commercial real estate market of more than EUR 1.2 billion.
RETAIL – A SECTOR OF CONTINUOUS CHANGES
More than 100,000 sqm of new retail space appeared on the market between the beginning of April and the end of June 2022. Smaller commercial formats accounted for more than half of the delivered space.
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