A record volume of new retail space expected in 2015
26.01.2015 4815

A record volume of new retail space expected in 2015

In 2014, the Russian market for high-quality shopping centers expanded by 1,63 million square meters. m of area, the decrease compared to the previous year was 10%, according to the data of the company JLL. For the first time, more than 35% of this indicator was the commissioning of shopping centers in Moscow - 602,6 thousand square meters. m, which is the historical maximum of the capital market and is equated to the total result of the three previous years.

Including during the 4th quarter, 317,5 thousand square meters were commissioned in Moscow. m, which is five times higher than the same period last year, and in Russia as a whole - 800 thousand square meters. m, which is 16% lower than the quarterly figure in 2013. The largest shopping centers in 2014 in Moscow were the Aviapark shopping center (228,5 thousand sq. M. GLA) and Vegas Crocus City (112,5 thousand sq. M.), In the regions - the shopping center Ambar (90 thousand sq. m) in Samara, the Greenwich shopping center stage 4 (85 thousand sq. m) in Yekaterinburg and the Planeta shopping center (72,9 thousand sq. m) in Novokuznetsk.

For the 2015 year, developers announce more than 2,6 million square meters. m of new retail space in Russia as a whole. According to the forecasts of JLL experts, no more than 1,9 million square meters will actually be introduced. m, however, such a result may become a record for the Russian retail market. In Moscow, announced the introduction of about 900 thousand square meters. m, but, according to JLL estimates, about 500 thousand square meters will enter the market. m. A significant share of the input of 2015 of the year will be formed by projects, the opening of which was postponed from last year.

Among the largest projects in 2015 in Moscow are Kuntsevo Plaza (66 sq. M), Columbus (136 sq. M), Riviera (100 sq. M), MARi (70 sq. M.) m), in the regions - the Gudok shopping center in Samara (115 thousand sq. m), the Arena shopping center (95 thousand sq. m) in Barnaul and the Almaz shopping and entertainment complex (90 thousand sq. m) in Chelyabinsk.

According to JLL, in 2014, rental rates in Moscow shopping centers decreased by 20%. The average rental rate varies in the range of 0,4-1,45 thousand dollars per square meter per year, the maximum - 2,4-4,5 thousand dollars per year. Against the background of the expected decline in the country's economic development in 2015 and increased competition among new shopping centers, JLL analysts do not expect these indicators to improve. Nevertheless, the demand for successful high-quality shopping centers will be stable, which will keep rates in top properties at a high level.

In the 4 quarter, the vacancy rate in Moscow shopping centers remained at the level of the previous quarter and amounted to 6%. In successful shopping centers with high attendance and conversion, the vacancy rate does not exceed 1%, which confirms their relevance in the current period.

But due to the large announced volume of new shopping centers being introduced and retailers reviewing their brand portfolios, closing unprofitable points of sale and even leaving individual players out of the market, JLL analysts expect growth in the total share of free space in Moscow shopping centers to 8% in 2015 year.

In 2014, the Russian market for high-quality shopping centers expanded by 1,63 million square meters. m of area, the decrease compared to the previous year was 10%, according to the company's data ...
5
1
Rating

Latest News

Asics Corp. wants to spin off Onitsuka Tiger's business into a separate entity

Japanese group Asics Corp. has decided to transform its Onitsuka Tiger business into a franchise model following four consecutive years of record profits. The new organizational structure will streamline decision-making and strengthen competitiveness…
11.06.2026 440

France continues to fight Chinese retailer Shein

French authorities have fined Chinese retailer Shein €22 million for consumer protection violations over issues with returns, product information, and order confirmations on the online store.
11.06.2026 405

Garden and vegetable garden footwear released in collaboration with Salomon and Uchi Ryunosuke

Salomon collaborated with Tokyo-based designer Uchida "Uchi" Ryunosuke to create the perfect footwear for the garden. Uchi reimagined the Salomon RX Slide recovery shoe, creating a new design inspired by meditative…
10.06.2026 2700

The PETER KAISER collection will include men's shoes.

German brand PETER KAISER will debut a line of premium men's footwear for the Spring/Summer 2027 season. A private preview of the men's collection took place at the HOUSE OF CAPRICE headquarters in Germany, attended by the brand's partners from around the world. Men's and…
09.06.2026 690

Christian Louboutin's first advertising campaign featuring Jaden Smith has been released.

What happens when you marry the Old and New Worlds, Paris and New York, classics and hip-hop, tradition and modernity, is well illustrated by the first advertising campaign of the French luxury brand Christian Louboutin with the American rap artist Jaden...
09.06.2026 673
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning