Once retail facilities were re-opened in May 2021, footfall started to increase gradually and in September 2021 almost reached the level from September 2019 (change by -2%). Decreases in turnover levels have been relatively smaller when compared to drops in footfall for the entire pandemic period so far, which may prove that clients’ visits in shopping centres were more focused on shopping than before the pandemic.


Currently, the total stock of modern retail space* amounts to 12.02 million sq m of GLA. Poznan and Gdansk represent submarkets that have the highest retail density per 1,000 inhabitants, both on a city and at the agglomeration level.


Average vacancy rate for the 8 largest agglomerations in Poland grew by 0.5 pp y-o-y from 4.8% in August 2020 to 5.3% in August 2021.


Headline rents in prime shopping centres remain stable and amount to EUR 100-130/ sq m/ month in Warsaw and EUR 40-60 in the other largest Polish cities.


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