18 / 26
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
Lublin
Poland Retail Destinations
Lublin
DENSITY - STOCK
878
DENSITY - UND.CONST
49
DENSITY - PLANNED
227
EXISTING
304,342
UNDER CONSTRUCTION
17,000
PLANNED
38,000
PRIME RENTS
(EUR/sq m/month) - shopping centres
32-37
PRIME RENTS
(EUR/sq m/month) - high streets
15-25
AVERAGE LEASE LENGTH
(years)
5-10
SERVICE CHARGES
(PLN/sq m/month)
25
INCENTIVES
Rent free period,
step-up rent, fit-out
budget
•
Population in agglomeration
(‚000)
710
•
Increase in population till 2025
-1.1%
•
Residence based retail sales
(EUR million)
1,931
•
Increase in residence based
retail sales till 2025
28%
•
Household disposable
income (EUR million)
4,529
•
Increase in household
disposable income till 2025
29%
•
Convenient location in the eastern part
of the country
•
Lack of similar size retail destination
within 150 km radius
•
Large scale projects in the
pipeline
•
Outflow of young
population
•
Lack of competing
reginal retail
destinations
•
Increasing importance of shopping
tourism
•
Oversupply of retail projects
•
The highest density within the cities of
200,000 - 400,000 inhabitants
•
Purchasing power at the
national average
Per inhabitant
104
Per household
88
33.41%
14.32%
11.36%
8.30%
5.57%
13.41%
2.5%
1.9%
1.2%
3.6%
3.1%
1.0%
1.6%
0.6%
5.23%
8.41%
H2 2011
H1 2012
H2 2012
H1 2013
H2 2013
H1 2014
H1 2015
H2 2014
50%
24%
26%
over 10 years old
5 -10 years old
below 5 years old