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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
Warsaw
DENSITY - STOCK
424
DENSITY - UND.CONST
26
DENSITY - PLANNED
126
EXISTING
1,386,700
UNDER CONSTRUCTION
86,000
PLANNED
411,100
PRIME RENTS
(EUR/sq m/month) - shopping centres
90-120
PRIME RENTS
(EUR/sq m/month) - high streets
70-85
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
3,342
•
Increase in population till 2025
5.1%
•
Residence based retail sales
(EUR million)
11,580
•
Increase in residence based
retail sales till 2025
40%
•
Household disposable
income (EUR million)
10,104
•
Increase in household
disposable income till 2025
44%
•
The largest agglomeration in Poland,
the country’s business centre
•
International recognition
•
The highest purchasing power
index in Poland
•
Difficult planning conditions
prolonging the investment
process
•
80% of the stock is over
10 years old – a need for
refurbishments
•
Steady population
growth
•
The agglomeration
attracts international tenants
•
Development of new districts with
no present retail development
•
Vacancy level is not stable,
however oscillates between
0.5% and 3%
•
Old 1st generation
schemes fill in the niches and block
development opportunities
Poland Retail Destinations
Warsaw
Per inhabitant
182
Per household
141
27.32%
13.30%
13.73%
8.97%
5.21%
17.01%
1.5%
1.6%
2.7%
1.8%
2.6%
2.6%
1.6%
0.9%
0.8%
5.78%
8.66%
H1 2011
H2 2011
H1 2012
H2 2012
H1 2013
H2 2013
H1 2014
H1 2015
H2 2014
8%
11%
81%
over 10 years old
5 -10 years old
below 5 years old