According to JLL’s latest report, retail developers in Poland are set to turn their eyes once again to the big cities. After dozens of projects that have already changed the character of retail on secondary and tertiary markets, the difficult market conditions — problems with financing and the decreasing dynamics of consumer spending in Poland — will cause retail developers to return to Poland’s larger cities.
Warsaw, Kraków and Wrocław have more diversified economies and will therefore be less vulnerable to the crisis. On top of that, Poland’s best retail market, Warsaw, still has areas where retail development is light years behind residential. So, has the race now begun for the next Złote Tarasy?