Moscow is again in the top-10 of the most saturated retail real estate markets
For the first time in several years, Moscow has entered the top ten cities in Russia with the highest level of retail space per capita, analysts at Cushman & Wakefield say. Over the past 2 years, the capital's retail real estate market has shown an unprecedented rate of development of high-quality projects - almost 1 million square meters were built. m of area. According to a C&W study, at the moment the capital's shopping centers have 382 sq. m of quality space for 1000 Muscovites. Now the capital is on the 6th place in the ranking, behind Krasnodar (734 sq. M per 1000 inhabitants), Samara (562 sq. M), Tyumen (438 sq. M per 1000 inhabitants), Orenburg (428 sq. M per 1000 inhabitants) and Yekaterinburg (410 sq. m).
In general, since the last similar survey (autumn 2013), 98 high-quality shopping centers with a total area of 3 thousand square meters have been built. m in 590 cities in Russia. For comparison, this is more than the total size of the retail real estate market, for example, Austria (only 53 million square meters of retail space), Switzerland (2,78 million square meters), Belgium (2,78 million square meters), the Czech Republic (1,28 million square meters), Finland (1,56 million square meters). At the moment, the total volume of space in high-quality shopping centers with an area of more than 2,10 sq. m is 15000 million sq. m.
Krasnodar is in the lead by a large margin. Lada Belaychuk, Senior Director of Research at Cushman & Wakefield, comments: "Krasnodar maintains its position in the ranking even though the boom in the construction of shopping centers in the city is over, and the potential for the emergence of new large complexes is limited." The second position is taken by Samara, where new trade projects are actively developing. Tyumen and Orenburg, due to the active commissioning of new facilities in 2013-2015, moved up to ranks 3 and 4, respectively. Yekaterinburg, on the contrary, maintains its position in the top 10 (5th place) due to the active development of existing complexes. On the seventh line is the Northern Capital. St. Petersburg is traditionally one of the most active cities in Russia in terms of the development of trade projects, and residents of the Northern Capital provide consistently high demand in the segment.
Yaroslavl (8 place) took a position in the top ten for the fairly active launch of new projects on the city market. The last markets in the ranking - Nizhny Novgorod and Rostov-on-Don - have shifted by several positions due to the lull in the construction of new projects.
For the first time in several years, Moscow entered the top ten cities in Russia with the highest level of provision of retail space per capita, analysts at Cushman & Wakefield say. Over the last 2 years ...
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