Rental rates for retail real estate in Moscow went up again
13.09.2016 6973

Rental rates for retail real estate in Moscow went up again

Despite the fact that the number of new shopping centers is growing in Moscow, in the future two years rental rates for retail property in the capital will return to the pre-crisis level, experts at Colliers International forecast.

“At the moment we are observing a tendency towards stabilization of rental rates, while in successful shopping and entertainment centers we record a smooth increase in rental rates. We expect that in the next year or two, ruble rental rates will be able to approach pre-crisis levels. As the economy stabilizes, developers will consistently abandon the existing concessions designed to help fill vacant premises, ”comments Dina Postolenko, executive director of the retail real estate department at Colliers International Moscow.

According to analysts at Colliers International, the total supply of high-quality retail space in Moscow and satellite cities in the first half of 2016 amounted to 6 275 thousand square meters. m, 87% of which falls on classic shopping centers. 

The leaders in the first half of the year among Moscow shopping and entertainment centers (opened until 2016) in terms of the number of new store openings were the shopping and entertainment centers Aviapark, Columbus, Mozaika, Zelenopark, Evropeyskiy and Afimall City. In total, 6 new tenants with a total sales area of ​​more than 80 thousand square meters were opened in these projects in 55 months. m. About a third of the open space (32%) fell on the Aviapark shopping and entertainment center, including due to the opening of such large tenants as Kidzania, KIABI, Gloria Jeans and Leonardo; 26% of the space was opened in the Zelenopark shopping and entertainment center, which launched in the second quarter a fashion plaza - a gallery of clothing and footwear operators, which, among other things, included fashion anchors Zara, H&M and Reserved.

In the first half of the year in shopping centers in Moscow, open before 2016, fashion-operators (59%) formed the bulk of the space in new discoveries, and entertainment operators (18%) took second place. In terms of the number of openings, fashion operators (54 stores) are leading again, followed by catering enterprises (12 new outlets).

In the first half of 2016 in Moscow, four professional shopping centers with a total trading area of ​​129,6 thousand square meters were commissioned. m: shopping center "Riviera", shopping center "East Wind", shopping center "Watercolor South", shopping center "New".

According to Colliers forecasts, in the second half of 2016, about 425 thousand square meters will appear in the retail real estate market of the Moscow region. m of new high-quality retail space. At the same time, half of this volume of space has already been opened in the third quarter, namely, such malls for the Moscow market as the Riga Mall, Oceania, the second phase of Metropolis and Kosino Park. In total, today in Moscow and satellite towns at the different stages of construction there is about 850 thousand square meters. m of space in professional shopping centers, excluding frozen objects. This year, in the Moscow region, not a single project was launched to build a large shopping center, and among the "young" construction projects that started at the end of 2015, include the construction of the IFC on Kashirskoye Shosse at the site of the Capitol shopping center by Enka, as well as construction of an amusement park "Island of Dreams" by the company "Regions".

    Despite the fact that the number of new shopping centers is growing in Moscow, in the future two years rental rates for commercial real estate in the capital will return to the pre-crisis level, - ...

Latest News

Pantone names 2023 color of the year

The Color of the Year 2023 is “powerful, fearless, inspiring” as Pantone 18-1750 Viva Magenta Carmine Red is described. Its other name is “new vibrating ...
03.12.2022 150

Fila collaborates with Haider Ackermann

South Korean company, manufacturer and supplier of sportswear Fila has released a collaboration with French designer of Colombian origin Haider Ackermann. The capsule includes men's and women's clothing (colorful leggings,…
02.12.2022 265

Pakistan ramps up shoe exports

Footwear exports from Pakistan increased by 2022% between July and October 82, a year-on-year growth of 31%, while leather exports increased slightly, according to the Pakistan Bureau of Statistics (PBS)…
02.12.2022 266

On Black Friday, Wildberries sold goods for 106 billion rubles.

The Black Friday promotion was held on Wildberries from November 18 to November 28, 2022. The sale aroused high interest among buyers and surpassed last year's figures. In total, the participants of the action ordered goods for a total amount of about 106,4 billion rubles, which is almost…
01.12.2022 324

Ralf Ringer is challenging in court the demand of the Federal Tax Service for additional taxes and penalties for 1,5 billion rubles.

As we wrote earlier, the federal tax authorities want to recover about 1,5 billion rubles in tax fees, fines and penalties from the Russian shoe company Ralf Ringer. Shoe manufacturer and retailer is trying to challenge the actions of the tax authorities through…
30.11.2022 368
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning