Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Retail grows in small cities

Anna Oberc-Krzycka • 15/05/2019
Global real estate services firm Cushman & Wakefield has published a report “MARKETBEAT – Retail Market in Poland – Q1 2019”.

Global real estate services firm Cushman & Wakefield has published a report “MARKETBEAT – Retail Market in Poland – Q1 2019”.

  • At the end of Q1 2019 Poland’s total retail stock amounted to 14.7 million sq m
  • More than 40,000 sq m completed across five new retail developments in the first quarter of the year
  • A 12% increase in online retail sales expected in Poland in 2019 compared to last year

The high level of retail space provision on Poland’s core regional markets is shifting both investor and developer interest towards smaller cities. According to data of global real estate services firm Cushman & Wakefield, almost 50% of this year’s retail supply will be delivered in cities below 400,000 inhabitants and 21% in towns with a population below 50,000.

As the retail market reaches maturity in Poland and competition increases, polarisation will widen. Underperforming retail schemes are therefore expected to be radically repurposed to incorporate office, residential or other functions.

With as many as 49% of Polish people doing online shopping and this year’s e-commerce sales expected to hit over PLN 55bn, both developers, property managers and brands will be driven to make further changes to the existing retail infrastructure and to adopt new technologies. Innovations that made their way to the market in Q1 2019 include the discounter Lidl’s mobile app and online store. The market evolution will benefit mostly customers who tend to prioritise customer experience over products,” said Małgorzata Dziubińska, Associate Director, Consulting and Research, Cushman & Wakefield.

INSIGHTS

High rise offices, skyline view, Warsaw, Poland
Research • Coworking

Warsaw's office stock nears 5.5 million sq m

Global real estate services firm Cushman & Wakefield summarises the Warsaw office market in Q1 2019 in its latest report “MARKETBEAT – WARSAW OFFICE MARKET IN Q1 2019”.
Mark Freeman • 14/05/2019
black clothing on hangers, blurred background
Research • Retail

European Shopping Centres: The development story

A total of 2.6 million square metres of new shopping centre space was completed in 2018, 28% below the 2017 figure
Krzysztof Misiak • 16/04/2019
workers in coworking space blurred man walking past seated women
Research • Coworking

Coworking space boom in Poland

As many as 165 tenants, developers, investors, coworking operators and media representatives from Poland and abroad attended the conference Coworking in Poland – Where Next?, during which global real estate services firm Cushman & Wakefield presented its report Coworking sector in Poland and latest data on the Polish flexible office market.

Krzysztof Misiak • 25/02/2019

Stories

Tristan Capital Partners, White Star Real Estate • Banking & Financial Services

Cushman & Wakefield was appointed a leasing agent for Elektrownia Powiśle.

 
Tristan Capital Partners, White Star Real Estate • Banking & Financial Services

Cushman & Wakefield was appointed a leasing agent for Elektrownia Powiśle.

 
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Cookies.

MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS