Rieker
Analysts at Cushman & Wakefield note a shortage of quality retail space
13.07.2011 2120

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

Cushman & Wakefield summed up the results of the retail real estate market for the 2nd quarter of 2011. According to company analysts, for the first time after the crisis of 2008-2009, a shortage of quality retail space began to be observed. Another market trend - rental rates in the best shopping centers and the most prestigious shopping corridors continue to grow (up to 10% for the 2nd quarter). Nevertheless, in most shopping centers the rates remain at the same level, especially in the 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 million-plus cities and cities with a population of more than 500 thousand people.

Traditionally, for the beginning of the year, a rotation of tenants took place in many shopping centers and shopping corridors. This is especially noticeable in trade corridors, for example, on Petrovka and Stoleshnikovoy during the second quarter 25% of tenants were replaced, on Tverskaya - 12%, on Pokrovka - 16%.

Free quality premises are available less and less. As a result, the level of vacant space in high-quality shopping centers in Moscow with an established coverage area for the fourth quarter is at the level of 1%. In the trade 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 continues to be at the level of 4-5%.

Cushman & Wakefield summarized the retail real estate market for the 2 quarter of 2011 year.
5
1
Rating
Midinblu

Latest News

Wildberries increased its turnover in April-June 2020 more than doubled

Wildberries turnover in the second quarter of 2020 increased by 123% to 103,4 billion rubles. (net turnover of the company, including returns). The sales growth in units amounted to 200% compared to the same period last year. Sales ...
06.07.2020 103

About 4,5 million shoe marking codes are issued per day.

The Ministry of Industry and Trade and the labeling operator Center for the Development of Advanced Technologies (CRPT) summed up the first week of the mandatory labeling of shoes in Russia, speaking at the RIA Novosti online conference. Ban on unmarked traffic ...
06.07.2020 120

Prada celebrates double-digit sales growth in Asia

Prada CEO Patricio Bertelli is confident that this trend will continue in the coming months.
03.07.2020 205

adidas Originals has released a second collaboration with London-based designer Craig Green

London-based designer Craig Green turned to two iconic adidas Boston Super and Samba silhouettes and created two innovative designs for men's sneakers made in the original technique, which Green himself calls the “ghost layers”.
02.07.2020 274

Vetements introduced a new version of painted sneakers

The next collaboration of Vetements and Rebook will be released in the spring-summer'21 season. At the heart of the new Vetements x Reebok sneakers is again taken the classic silhouette of the Reebok model - InstaPump Fury. This time, the price of sneakers will be more than ...
02.07.2020 331
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning