This year’s increase in supply and the value of transactions in the retail sector in Poland have a chance to exceed last year’s level, says Walter Herz.
Despite the deteriorating market conditions, 2022 will probably be another year with a record level of new supply for the retail sector in Poland. According to estimates by Walter Herz, the domestic stock of retail space will increase by approximately 530,000sq m. The largest volume, almost 350,000sq m of modern space will be provided by numerous retail parks and convenience centres, which are mainly being built in smaller cities.
“Investors who operate in this sector of the real estate market in Poland have extensive plans, including the construction of several dozen more retail parks in the next few years. The group of entities active in the retail segment is constantly growing, both in terms of investors looking for attractive assets and real estate development companies implementing projects,” says Bartłomiej Zagrodnik, Managing Partner, CEO of Walter Herz.
“There are now about 30 investments under construction across Poland, including retail parks. Companies are constantly looking for land for new properties that they want to implement in this format. Their saturation is not as high as that of large shopping centres and they still have great potential for growth,” adds Bartłomiej Zagrodnik.
