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My dear Moscow
16.07.2012 2169

My dear Moscow

The Russian capital is among the ten on the high cost of rent

According to the results of the first quarter of 2012, Moscow took 9-place in the world ranking of cities with the highest rental rates for commercial real estate, according to a study by CBRE.

The rental rate for premium retail real estate in the Russian capital, which was also on the 2011 line of the rating after the fourth quarter of 9, amounted to $ 7,95 thousand per square meter. meter per year, the report says.

“The leaders at the highest rates are Stoleshnikov Lane, Petrovka Street and Tverskaya Street. The main format of placement on the main streets is showrooms and flagship stores of leading retailers, as well as luxury representatives, ”the report says Andrey Vasyutkin, head of the research and consulting department of“ Shop of stores in association with CBRE ”company.

The first place in the rating is held by Hong Kong, where rent of 1 square meter of retail space will cost $ 41,6 thousand per year, and the second place is New York with a price of $ 26,64 thousand. per "square" per year, indicated in the research materials.

They note that Sydney ($ 11,97 thousand) is in third place, followed by Tokyo ($ 11,033 thousand), and London closes the top five ($ 10,29 thousand), where competition for premium areas in the West End led to an increase average annual rental cost of 5,6%.

Globally, for the first quarter of 2012, the rental rate for premium retail space in world capitals increased by only 0,8% compared to the previous period, the report said.

“Concerns over the euro zone debt crisis and weak global economic growth continued to weigh on consumer and retailer sentiment. Despite this, the demand for rental of premium space in many large cities remained high, and the supply in this segment was very limited, ”the study adds. Retail.ru writes about it.

According to the results of the first quarter of the 2012, the Russian capital was included in the top ten in terms of the cost of renting. It took 9-place in the world ranking of cities with the highest rental rates for retail ...
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