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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”.
Spring is in the air for retail real estate
In the first quarter of 2023, the Warsaw retail market welcomed a refurbished Fort Wola shopping centre after a six-year break. Mayland, the new owner, carried out a major renovation, turning the complex into a facility tailor-made for today’s needs.
Investment market as a reflection of the economic situation
As expected, financing constraints and economic uncertainty saw the Polish commercial real estate market underperform in early 2023.
Warsaw office market falls into a supply gap
2023 got off to a challenging start on the Warsaw office market with a significant decline in gross take-up and no new office space coming on stream in the first quarter of the year.
Warsaw office market falls into a supply gap
2023 got off to a challenging start on the Warsaw office market with a significant decline in gross take-up and no new office space coming on stream in the first quarter of the year.
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