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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”.
PROMOTIONS AT BNP PARIBAS REAL ESTATE POLAND
The first quarter of the year in BNP Paribas Real Estate Poland was marked by internal promotions.
Poland stands for warehousing
The warehouse and logistics space sector in Poland maintained its high growth rate in 2021. The results included, among others, record amounts of new space delivered to the market, a record number of square metres under construction, as well as a record demand.
Flexibility is key to Warsaw’s offices. And not only Warsaw.
The market closed the year with 325,000 sqm of new modern space, but vacancy rate are increasing, and an escalation in contract renewals is agitating the situation within the demand structure.
Retail on the recovery route
In the past twelve months, retail properties have tried to make up for the challenges faced in the first year of the pandemic.
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