Polish retail sector is growing

Polish retail sector is growing

Last year was a good time for the Polish market for shopping centers. Poland ranked third in Europe in terms of the growth of retail space in newly built shopping centers, according to a report by real estate services company Cushman & Wakefield.

There were 368 shopping centers in Poland at the end of December 2011, which covered around 8 100 000 sq.m. in total. It is estimated that they accounted for 93 % of modern retail space in Poland.

The supply of retail space rose only slightly in Poland in the first quarter of 2012—by only 89 500 sq.m. Five new premises were completed and three existing ones were expanded. Most of the space, 61 000 sq.m., was developed in cities with populations below 100 000.

Source: http://www.warsawvoice.pl/WVpage/pages/article.php/24858/article