Pulse of retail market in Katowice agglomeration

According to the latest Jones Lang LaSalle (JLL) report on retail market in Poland, there is still place for new shopping center in the Katowice agglomeration despite the region is second after Warsaw in terms of total retail stock.

JLL reported that an average shopping center density in the subjected Katowice area is at the level of approximately 400 sq. meters per 1 thousand inhabitants. It is the lowest amount – as low as in Szczecin – when comparing to seven others biggest agglomeration in Poland.

However, Katowice agglomeration has also the lowest annual purchasing power (EUR per capita) amongst the biggest Polish cities and their agglomerations. The data barely exceeds EUR 6 000 in the Katowice area when the country’s average amounts to more than EUR 6 600. For example, in Warsaw the annual spending power is more than EUR 9 000, in Wrocław – EUR 7 600.

The Katowice agglomeration’s total retail stock will increase by another 100 000 sq. meters in the next several months after the delivery of Europa Centralna in Gliwice and Galeria Katowicka in Katowice, and will become a more saturated market. Though, development of at least three new shopping malls is possible to be kicked-off in the nearest future: Supersam (Katowice), Gemini Park (Tychy) and Galeria Galena (Jaworzno).

According to the mid-year report of CBRE, there are approximately 950 000 sq. meters of existing modern retail stock in the Katowice agglomeration.