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Economic indicators in 2025
Purchasing power index
SWOT
ANALYSIS
Retail density
(sq m /1,000 inhabitants)
Retail stock
(sq m)
City SWOT analysis
Tenants’ structure
W
E
A
K
N
E
S
S
E
S
T
H
R
E
A
T
S
O
P
P
O
R
T
U
N
I
T
I
E
S
S
T
R
E
N
G
T
H
S
Vacancy rate
Standard lease terms
Shopping centres age
Lodz
Poland Retail Destinations
Lodz
DENSITY - STOCK
460
DENSITY - UND.CONST
40
DENSITY - PLANNED
0
EXISTING
509,900
UNDER CONSTRUCTION
46,500
PLANNED
0
PRIME RENTS
(EUR/sq m/month) - shopping centres
35-55
PRIME RENTS
(EUR/sq m/month) - high streets
20-30
AVERAGE LEASE LENGTH
(years)
5-10
SERVICE CHARGES
(PLN/sq m/month)
32
INCENTIVES
Rent free period,
step-up rent, fit-out
budget
•
Population in agglomeration
'000
1,116
•
Increase in population till 2025
-5.5%
•
Residence based retail sales
(EUR million)
3,057
•
Increase in residence based
retail sales till 2025
25%
•
Household disposable
income (EUR million)
3,612
•
Increase in household
disposable income till 2025
28%
•
Pro-active attitude of the city’s authorities
•
Good accessibility from the surrounding
cities through a developed road system
•
Largest and one of the most prime
schemes in Poland –
Manufaktura is visited by
around 20 million customers
yearly
•
S.C. density ratio higher than
the average for agglomerations
•
The coming completion of
Sukcesja may result in the
increased vacancy ratio in
competing schemes
•
Only 18% of the stock
is younger than 5 years
old – existing schemes’
redevelopment potential is
considerable
•
The increasing number of new openings of
restaurants and cafes may lead to Piotrkowska
Street revival
•
Relatively low purchasing power index per
household
•
Close proximity to Warsaw which also
translates into division/split of the purchasing
power
•
The shopping centre market is
ageing – 55% of the stock is over
10 years old
Per inhabitant
116
Per household
92
27.56%
16.20%
12.87%
8.26%
5.32%
16.20%
2.4%
2.4%
2.8%
1.7%
3.2%
2.4%
1.9%
2.3%
2.2%
5.88%
7.70%
H1 2011
H2 2011
H1 2012
H2 2012
H1 2013
H2 2013
H1 2014
H1 2015
H2 2014
18%
28%
54%
over 10 years old
5 -10 years old
below 5 years old