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Cheap rental attracts new brands
29.06.2016 2838

Cheap rental attracts new brands

The stabilization of supply and demand in the retail real estate market, analysts at Knight Frank, a consulting company, have noted in the first six months of 2016.

“The market has unprecedented attractive rental conditions,” said Alexander Obukhovsky, director of retail real estate at Knight Frank.

According to Knight Frank, rental rates now start from zero, because often operators pay only a percentage of the turnover, while shoe sellers pay from zero to 35 thousand rubles for 1 square meters. m per year. In 2014, rates were measured in dollars: the base lease amounted to $ 3 thousand for 1 square meters. m per year.

Attractive rental conditions did not go unnoticed by retailers. As noted in the Knight Frank report, in the first half of the 2016 of the year, 25 of new international brands came into Russia - operators selling clothes, shoes, cosmetics, perfumes and catering. Among the new players in the shoe market, the luxury brand Charlotta Olympia can be called a major brand. The remaining brands are not so famous and rather niche.

The stabilization of supply and demand in the retail real estate market, analysts at Knight Frank, a consulting company, have noted in the first six months of 2016.
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