Russia has become Europe's largest retail real estate market
21.04.2015 4222

Russia has become Europe's largest retail real estate market

According to Cushman & Wakefield, in the 2014 year, Russia for the first time became the largest retail real estate market in Europe, overtaking the leader of the last 43 years - France. Last year, more than half of the new shopping centers in Europe opened in Russia.

By the end of last year, the total area of ​​shopping centers in Russia exceeded 17,7 million square meters. m, while in France the same figure was 17,66 million square meters. m, according to the latest report of Cushman & Wakefield "Retail property in Europe". The UK remains the third largest market with a total supply of 17,1 million sq. m. At the end of 2013, Russia occupied the third position, however, the record-breaking commissioning of retail space, continuing in 2015, helped to squeeze the long-term leaders.

The beginning of 2015 was also a record one. According to the consulting company JLL, about 250 thousand square meters have entered the Moscow market. m, which is the highest indicator of the first quarter in the entire history of the market. At the same time, in Russia as a whole, the dynamics began to slow down: if in January-March 2014, 11 high-quality shopping centers were opened with a total usable area of ​​410,4 thousand sq. M. m, then this year over the same period, only six shopping centers opened at 348,7 thousand square meters. m, emphasize in Cushman & Wakefield. Three of them were built in Moscow: the Columbus shopping and entertainment center, the Kuntsevo Plaza shopping center and the Central Children's Store on Lubyanka.

According to Cushman & Wakefield, in the 2014 year, Russia for the first time became the largest retail real estate market in Europe, overtaking the leader of the last 43 years - France. Last year, more than half of the new shopping centers in ...
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