Warsaw, March 3, 2016 – Retail stock in Radom is provided by five schemes totalling 124,800 sqm. The density ratio is at 575 sqm per 1,000 inhabitants. For each shopping centre in the city there are an average of 43,440 people. The vacancy rate stood at 5.7% – informs Colliers International in the last publication “Shopping centres in regional cities | Radom”.
No new shopping centre was delivered to the market in Radom in the last year. Currently, Galeria Słoneczna is being recommercialised and new stores such as Pierre Cardin, Top Secret and Simple have appeared. Several tenants have prolonged their agreements for space totalling 3,000 sqm.
„The retail market in Radom is dominated by traditional shopping centres. There is a lack of large retail parks and the nearest outlet centres are in Warsaw and Łódź. In the near future no new retail scheme will be delivered to the market. However, customers can look forward to changes that will be appear in existing shopping centres as well as the opening of smaller retail schemes and stand-alone grocery stores“, said Katarzyna Michnikowska
, Senior Analyst from the Research and Consultancy Services in Colliers International.
Galeria Słoneczna with 170 shops, service outlets and restaurants is the largest shopping centre in Radom. M1 is the second retail project in the city in terms of size. The remaining projects are shopping centres totalling less than 20,000 sqm.
There are 370 shops in shopping centres in Radom. Fashion chains (24%) and services (17%) are the largest groups of tenants.
Rents in retail projects in Radom are at an average level and show a slight downward trend. The highest monthly rents for 100-150 sqm for a fashion unit are in the range EUR 25-27 per sqm.