Rieker
Analysts at Cushman & Wakefield note a shortage of quality retail space
13.07.2011 2678

Analysts at Cushman & Wakefield note a shortage of quality retail space

Cushman & Wakefield has summed up the results of the retail real estate market for the 2nd quarter of 2011. According to the analysts of the company, for the first time after the crisis of 2008-2009, there was a shortage of quality retail space. Another market trend is that rental rates in the best shopping centers and the most prestigious shopping corridors continue to grow (up to 10% in the 2nd quarter). Nevertheless, in most shopping centers, rates remain the same, especially in Russian regions.

Another conclusion of the company is that the activity of retailers is at a high level; during the second quarter, many companies announced large-scale strategic development plans, including regional expansion. Retailers have become actively interested in Russian regions, both in cities with a population of over one million and in cities with a population of over 500 thousand people.  

Traditionally, at the beginning of the year, tenant rotation took place in many shopping centers and shopping corridors. This is especially noticeable in retail corridors, for example, on Petrovka and Stoleshnikov, 25% of tenants changed during the second quarter, on Tverskaya - 12%, on Pokrovka - 16%.

There are fewer and fewer quality vacancies available. As a result, the level of vacant space in high-quality shopping centers in Moscow with an established coverage area has been at the level of 1% for the fourth quarter. In the retail corridors at the beginning of 2011, the level of vacant premises slightly increased (as a result of the ongoing change in the composition of tenants) and during 2011 remains at the level of 4-5%. 

Cushman & Wakefield has summed up the results of the retail real estate market for the 2nd quarter of 2011.
5
1
Rating
Euro Shoes Exhibition

Latest News

Modest Fashion Day in Kazan

This week, on May 19-20, within the framework of the XIII International Economic Summit "Russia - Islamic World: KazanSummit 2022", Modest Fashion Day will be held, organized by the Investment Development Agency of the Republic of Tatarstan in cooperation and…
17.05.2022 45

Polish CCC and Swedish Vagabond Shoemakers stop working in Russia

One of the largest shoe companies in Central Europe, the Polish CCC, announced on the home page of its online store that it would stop working in Russia. The announcement of the temporary suspension of the online store and retail network in Russia also…
16.05.2022 140

Portuguese startup Zèta and Nespresso launch sneakers made from coffee grounds

The collaboration between Portuguese fashion company Zèta and Nespresso coffee maker resulted in the creation of a pair of sneakers, the upper and sole of which contain recycled coffee grounds.
16.05.2022 151

Wildberries opened a logistics center in Armenia

Wildberries opened the first logistics center in Armenia and launched direct sales of goods from local business representatives on the online platform using the “mock-place” model (from its own warehouses…
16.05.2022 115

The Rebook business in Russia was transferred to the Turkish holding FLO

The Russian division of the Reebok sporting goods network, after announcing the suspension of the brand in the Russian Federation, acquired the large Turkish holding FLO, Kommersant writes, citing information from a trading…
16.05.2022 178
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning