Analysts at Cushman & Wakefield note a shortage of quality retail space
13.07.2011 2764

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

Dior presented "high" strappy sandals at Paris Fashion Week

Floral print and an endless number of shin straps are the new style of Dior shoes, showcased in the brand's spring-summer 2023 collection at Paris Fashion Week. Strappy sandals come with fine mesh knee socks in black and…
28.09.2022 51

Bottega Veneta set the shoe trends at Milan Fashion Week

One of the most interesting shoe collections that was shown at the recent Milan Fashion Week was the collection of the Italian luxury brand Bottega Veneta, part of the Kering Group. This is the second collection of the brand, created by the efforts of…
28.09.2022 58

Sales of clothing and footwear in Russia decreased in units, but increased in value

According to a study by the Check Index resource of the fiscal data operator OFD Platform (takes into account data from 1,1 million online cash registers in Russia), conducted at the request of RBC, the volume of clothing and footwear sales in Russia fell sharply in the spring of 2022, but ...
26.09.2022 205

Milan MICAM recorded 35 visitors

A major exhibition event was held in Milan, bringing together international professional exhibitions MICAM, Mipel, TheOneMilano and HOMI Fashion&Jewels. The total number of guests of the exhibition project, which took place from 18 to 20 September 2022 in…
26.09.2022 152

Furla presented a new clutch at Milan Fashion Week

Furla discovered the infringement of women's rights in the music scene and released a protest limited collection of bags. The collection is based on a new model of the Metropolis cross-body clutch bag…
25.09.2022 203
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning