Deteriorating economic indicators and inflation, which was expected to flatten out, but instead continues to rise rapidly, resulting in a further decline in purchasing power, these are the key factors that shape the landscape of the retail real estate market in the third quarter of the year. Once again, smaller formats have confirmed their strong position, while the opportunity for long-unseen deals involving large facilities is looming on the horizon.
Retail parks are growing
Larger transactions on the horizon
A positive signal for the retail market in Poland is the entry of the Japanese fashion giant Uniqloְ
says Natasza Mika, Director in Retail Agency department of BNP Paribas Real Estate Poland.
Poles have changed their shopping patterns and grown to like retail parks, especially those in prime and convenient locations. However, local or even neighbourhood-type shopping does not mean the end of large shopping centres or outlet centres. We are rather seeing the establishment of a certain state of equilibrium, in which facilities with different profiles and offerings can operate and develop at the same time, catering for a variety of consumer needs. The difference is that the business of all of them will be driven by different factors
comments Justna Krawczyńska, Consultant in Retail Agency department of BNP Paribas Real Estate Poland.