JLL has analyzed trends in the investment land market for office, residential, retail, logistics/industrial and hotel projects in Poland, and found the pandemic has diversified market.
For the retail market, JLL expects land for retail parks and convenience stores in small towns will continue to be in demand in 2021. Developers will prefer locations where there are no modern retail spaces or where the current supply does not meet all of the consumers’ needs. In 2020, investors were already interested in land even in towns with a population below 15,000.
“However, the pandemic and the restrictions did not affect investors’ interest in land for retail parks or convenience centers, which grew rapidly during 2020,” said Tomasz Lewandowski, head of land and medium-size investments, JLL. “Investors' land-seeking activity has focused on smaller towns where there is a lack of modern retail space or where their current supply does not meet all consumer needs. The fo
