Leasing activity bounced back strongly on the Polish industrial market in Q3 2023. Meanwhile, development activity was largely driven by pre-lets and BTS projects, with rental rates remaining flat in most regions.
At the end of September 2023, there was approximately 510,000 sq m of retail space under construction and scheduled for opening in 2023 24. Around 398,000 sq m will be delivered through 40 new retail projects sized over 5,000 sq m, including 33 retail parks, 5 shop pin g centres and 2 retail warehouses (Kaufland and Castorama). The third quarter of 2023 saw five newcomers enter the Polish retail market.