In the past twelve months, retail properties have tried to make up for the challenges faced in the first year of the pandemic. Summarizing 2021 for the modern retail space sector, experts from BNP Paribas Real Estate Poland pointed to several key phenomena regarding the sector, including: a quick return of shoppers to retail facilities, retail parks standing becoming stronger, e-commerce continuing the way of the stable growth, as well as the increasingly important role of sustainable development and ESG policy.
Today, it can be clearly seen, that the smaller, more compact commercial formats are coping exceptionally well with the pandemic and, moreover, have a promising future. Importantly, customers have stopped seeing them as “poor relatives” of shopping centers, and now consider them as very accessible and convenient places for a quick shop. These new facilities, especially in smaller towns, are becoming focal points, around which daily life revolves, which in addition to introducing new brands to local areas, are often well-known from larger shopping centres.
says Klaudia Okoń, Consultant from Business Intelligence & Consultancy Department, at BNP Paribas Real Estate Poland
Remodelling / Repositioning
Mozaika has inherited this location, from the Tesco retail chain and prior to that, the first HIT hypermarket gave foundations to this great example of how a retail location, becomes deeply rooted in the minds of local and neighbouring residents and how it strengthens its potential
says Anna Pływacz, Associate Director, Retail Leasing Department at BNP Paribas Real Estate