Analysts at Cushman & Wakefield note a shortage of quality retail space
13.07.2011 4213

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

Latest News

The dispute between the tax authorities and Ralf Ringer continues.

Federal Tax Service Inspectorate No. 15 for Moscow filed a lawsuit in the Arbitration Court against Ralf Ringer Production LLC, a subsidiary of the shoe retailer Ralf Ringer, seeking 1,28 billion rubles. As Andrey Berezhnoy, the company's CEO and owner, told Kommersant, the claim is related to…
11.11.2025 134

Online second-hand platforms are investing in product authentication.

The latest high-profile lawsuit—Dior's case against luxury stock marketplace Showroomprivé—has forced online platforms to pay even closer attention to the authentication of luxury brand products they list on…
11.11.2025 152

EKONIKA launched a campaign in support of its holiday collection.

Footwear and accessories brand EKONIKA supported the launch of its New Year's collection with a space-themed advertising campaign, "Once Upon a Time in the Universe."
11.11.2025 181

The US has postponed tariff increases on Chinese shoe imports for a year.

American footwear companies have received a one-year deferment on increasing tariffs on footwear imports from China. An executive order published on the White House website clarifies that the US will suspend "increased reciprocal tariffs" on imports from China until 00:01 AM.
10.11.2025 390

Tanners champion leather as a sustainable material at COP 30

The COP 30 climate summit begins in Brazil. Tanners are demanding a rethinking of natural leather and its recognition as a sustainable biomaterial that supports a circular economy.
10.11.2025 381
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning