Analysts at Cushman & Wakefield note a shortage of quality retail space
13.07.2011 3019

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.

Latest News

Stefano Gallici appointed as new creative director of Ann Demeulemeester

Approximately ten days after announcing the departure of Ludovic de Saint-Sernin as creative director of Ann Demeulemeester, the Antonioli Group, which owns the luxury brand, has found a replacement for the departed head inside the company, writes ...
02.06.2023 260

Bally has appointed a new creative director

Half a month after Ruigi Villaseñor stepped down as creative director of Swiss luxury clothing, footwear, bags and accessories brand Bally, he was replaced by Simone, a designer with 16 years of experience at Gucci.
02.06.2023 214

Footwear brand Melissa has opened a pop-up store at Galleries Lafayette in Paris

Brazilian fruit-flavored plastic footwear brand Melissa has opened a pop-up space for the second year in Galleries Lafayette, one of the most fashionable department stores in Paris. This year, to draw attention to the project on the pediment…
01.06.2023 262

Ekonika presented models made of eco-leather based on coffee pomace

The Russian brand of shoes and accessories "Ekonika", following the global trend for responsible production, has released a capsule collection of shoes, which includes mules made from eco-leather based on coffee pomace, - writes ...
01.06.2023 305

Loewe opens first leather repair shop

Spanish luxury brand Loewe has opened its first store entirely dedicated to the repair and maintenance of leather goods in Osaka, Japan. The LOEWE ReCraft store will have a craftsman ready to repair and refurbish used…
01.06.2023 261
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning