Warsaw, October 6, 2016 – Wrocław has at disposal 654,500 sqm GLA in 18 shopping centres with density of 821 sqm/1,000 inhabitants. There are on average 43,890 inhabitants per one shopping centre. The purchasing power of inhabitants equals on average PLN 41,890 annually per one square meter of shopping centre – according to Colliers International publication ”Shopping centres in agglomerations Q2 2016 | Wrocław”.
The largest retail scheme in the region is Aleja Bielany totalling 131,000 sqm GLA and approx. 200 shopping, service, entertainment and gastronomy units. The second shopping center in terms of size is Magnolia Park with 99,000 sqm GLA where one can do shopping in more than 230 units. In 2015 the new space was delivered to the Wrocław retail market by expansions of Aleja Bielany shopping centre and Magnolia Park, while 10,000 sqm was completed as an extension of Futura Park scheme in the first half of 2016. Another openings in the city can be expected in 2017.
„Despite the high density of Wrocław market and a slight increase in the average vacancy rate (1.3 percentage point) the city remains attractive for investors and tenants which appreciate the perspective of business development there. After a period of expansion of facilities with established market position (Aleja Bielany, Magnolia), a new shopping center is expected to open in the city - Wroclavia”, said Katarzyna Michnikowska, Senior Analyst, Research and Consultancy Services, Colliers International.
In the Wrocław shopping centres there are 1,306 units, which means that one shopping/service or food unit serves on average 605 people. The most numerous groups of tenants are chains from fashion (28%), services (12%) and health&beauty (8%) sectors.
In the end of last year and the first half of 2016, some lease transactions announced in Wrocław market should be mentioned: Smyk Megastore (ca. 1,800 sqm) and Szachownica (ca. 400 sqm) in Aleja Bielany, Rossmann (ca. 650 sqm) and Superdry (ca. 250 sqm) in Magnolia Park and Carry (ca. 600 sqm) in Renoma.
The average vacancy rate at the end of 2015 reached 1,6% and raised to 3% in H1 2016. The highest rental rates are at the level of EUR 45- 47 sqm/month for a 100-150 sqm fashion unit in the most popular shopping centres.