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 transaction volume results for the third quarter of 2023 elicit optimism for a resurgence in growth, yet it is too soon to celebrate
Despite the ascent in capitalization rates and prevailing global uncertainties, investors have executed agreements exceeding 741 million euros—a figure surpassing fourfold that of the preceding quarter in 2023.
Trade in good shape: Vanishing vacancies and new retail space
In recent years, the commercial real estate market in Poland has seen an accelerated growth in mixed-use schemes. Approximately 40 mixed-use developments have been completed in our country, and this market segment is gaining momentum.
Record office leasing and new spaces marked in the third quarter of 2023
The volume of leased office space reached a new record high in the third quarter of 2023. The total transaction volume increased by more than 85% compared to the same period last year.
Scarcity of new office space and lease renegotiations - Warsaw's office space market in the third quarter of 2023
The Warsaw real estate market concluded the third quarter with a total office space supply of 6.2 million sqm. Merely 1,900 sqm were introduced for use as part of the S-Bridge Office II project.
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