DTZ, global real estate advisors, prepared a retail guide on Polish shopping centers. The publication provides data on retail industry in 15 locations including the Katowice agglomeration. The analysts also compared several key retail cities across Europe.
The Warsaw and Katowice agglomerations are the most affluent regions and therefore primary target markets for retailers, the report said. The total supply of modern retail stock (defined as retail schemes exceeding 5 000 sq. meters GLA delivered or refurbished after 1990) in Poland exceeded 11,2 million sq. meters at the end of August 2012. 16% of all modern retail stock in Poland is located in the Katowice agglomeration.
According to DTZ, the Katowice area together with Kraków and Szczecin are emerging markets offering potential in the longer term. They are still under-supplied in terms of shopping center provision, but record lower than average purchasing power per one inhabitant across the 15 locations which will reduce its growth potential in the short term.
The purchasing power index (%) of the Katowice agglomeration – the total value of goods and services purchased by one inhabitant within one year – is at the level of 107 (100 is the average of Poland) and is comparable to Kielce and Bydgoszcz. The index is much higher for the City of Katowice and amounts to 130 – the same as in Poznań, Gdańsk or Szczecin.
The total shopping centers density for the Katowice agglomeration equals 411 sq. meters per one thousand inhabitants and is the lowest amongst all 15 locations. When compared to other European cities, the numbers of Katowice agglomeration are the most similar to Lisbon – both have approximately 2 million inhabitants, already reached almost one million of total shopping centers floorspace (Katowice: 903 600, Lisbon: 960 000), and the shopping centers density per thousand people amounts to 411 and 472 sq. meters respectively.
If the Katowice area is compared to two other European cities of the same size – Marseille and Stockholm – the situation is completely different. The first one offers only 0,5 million sq. meters of modern shopping center spaces (total density per 1000 inhabitants: 252 sq. meters), while in Stockholm the numbers are doubled in comparison to Katowice: 1,8 million sq. meters of shopping centers space with the density of 887 sq. meters per one thousand citizens.
- The key indicators and market conditions for the Katowice agglomeration were as follows in the fourth quarter of 2012 according to DTZ:
– number of shopping centers in operation: 34
– number of shopping centers in the pipeline: 6
– total retail floorspace (sq.m): 1 170 000
– total modern retail stock density in agglomeration (per 1000 population): 532 sq. meters
– total shopping center floorspace (sq.m): 903 000
– total shopping center stock density in agglomeration (per 1000 population): 411 sq. meters
– prime shopping rents (fashion units of approx. 100 sq.m) /sq.m/month: EUR 45 – 50
– vacancy rate in shopping centers (June 2012): 1 – 2%
– major shopping centers in operation (by size): Silesia City Center, M1 Czeladź, M1 Zabrze, Trzy Stawy, Forum Gliwice