Tenants of the shopping center will switch to rubles
30.01.2015 3320

Tenants of the shopping center will switch to rubles

In 2015, contractual relations in retail real estate will be completely transferred to the ruble zone, according to a study by the international consulting company Cushman & Wakefield. At the same time, rental rates for retailers will be adjusted for both old and new contracts.

Since mid-2014, demand for retail space has declined significantly. Mostly market leaders in their segments announce development plans, analysts say. In 2015, the buying activity of Russians will be low, especially in the first half of the year, they predict. Thus, many retailers will take a wait and see attitude, focusing on existing portfolios, and the level of vacancy in existing shopping centers will increase significantly, the study said.

"In the first quarter, even in the best years, the vacancy rate in Moscow increased from 1% to 1,5%. But this year, many stores will be closing due to the inability to adapt to the difficult business situation. vacant space in the capital may grow up to 3% ", - explained Lada Belaychuk, senior director of strategic consulting and research at Cushman & Wakefield.

The most stable will be retailers with effective logistics costs for deliveries from producer to consumer, analysts say.

In 2015, contractual relations in retail real estate will be completely transferred to the ruble zone, according to a study by the international consulting company Cushman & Wakefield. Moreover, the rates ...
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