Jones Lang LaSalle has been selected as an advisor to the municipal authorities in Olsztyn regarding the currently drafted Study of Conditions and Directions of Spatial Development, which will determine the city’s development directions. The international commercial real estate advisor has prepared an analysis of market capacity for the development of large-format retail facilities in Olsztyn. The analysis includes, among other things, the supply of existing retail facilities along with an analysis of location and format, consumer purchasing power, and recommendations regarding the location and specifications of future retail facilities.
– In Olsztyn, there are nearly 430 sq. m. of retail space per 1,000 inhabitants. This indicator is significantly lower compared to similar cities such as Rybnik or Opole. The analysis indicates that there is still room in Olsztyn for several new retail facilities, including: two large shopping malls with a total area of 70,000 sq. m. in the Jaroty, Pieczewo districts, or in the vicinity of Brzeziny and Al. Piłsudskiego, and 3-4 smaller investments of the “neighborhood center” type, which could be built in Zatorze, Kortowo, or Dajtki – says Patrycja Dzikowska, Senior Market Analyst at Jones Lang LaSalle.