In 2019, the leasable space in the modern retail market in Poland grew by 410,000 sqm, exceeding the 15 million sqm threshold as of the end of December. With each passing year, the volume of new supply is consequently diminishing, while the development of the sector is stimulated by changes in existing schemes, especially those of the older generation. Modernisations and extensions, the introduction of new tenants and the addition of more F&B facilities and entertainment elements are the trends that will dominate the brick-and-mortar retail segment in the coming years, according to experts from BNP Paribas Real Estate Poland.
Discount stores win not only because of the low prices of the offered goods, but also because of the comprehensive offer addressed to the entire family. Their unflagging popularity clearly shows that customers expect them to be more and more often available not only in retail parks or city streets but also in shopping centres. To meet these expectations, discount chains adapt to the requirements of the gallery, which in turn often increases the standard of the stores themselves
Anna Pływacz, Associate Director, Retail Leasing, BNP Paribas Real Estate Poland
Over 60% of the space currently under construction will be delivered in cities with a population of up to 100,000. High saturation rates of modern retail space in large cities motivate developers to look for new opportunities to develop their projects in small towns. This is fostered by the demand of tenants, who see the growing purchasing power of Polish consumers and decide to roll out on ever smaller markets. This trend will determine the directions of retail development in Poland for at least the next few years
Patrycja Dzikowska, Head of Research and Consultancy, BNP Paribas Real Estate Poland