The structure of the retail facility is based on long-term lease agreements with reliable tenants, which allow you to estimate the income of the owners, so that the investor is confident about the actual benefits arising from the rental of the purchased property.
Poland is currently dominated by large retail areas in the form of shopping centres. This applies to both large agglomerations and smaller towns. Initially, shopping centres were built in major cities, such as Warsaw, Cracow, Poznań, Katowice and Tri-City. Later on, together with the development of the economy, investors began to be interested in smaller towns as well. Towns where the population often does not exceed 20-30 thousand were considered as investment locations.
In 2016, 1/3 of the retail space was built in towns with a population below 75,000. Currently (Q2 2017) there is approximately 11.3 million square metres of retail space on the market, and the vacancy rate is only 3.5%. What is more, 543 thousand square metres of retail space is under construction. The average retail space saturation in Poland is less than 300 m2 per 1,000 inhabitants. The highest saturation is reported in large agglomerations, where it often exceeds 800 m2 per 1,000 inhabitants.
An analysis presented by an international consulting firm, Cushman & Wakefield, shows that the volume of commercial real estate transactions in Poland in 2015 amounted to € 4.12 billion. Investment activity dominated the commercial sector, accounting for over 54% of the total value.
For many years, commercial real estate has been one of the most attractive ways of raising capital. The improvement in the sentiment in this area is primarily attributable to the transfer of funds from bank deposits and savings accounts as a result of low interest rates.