Rieker
Retail property of St. Petersburg
09.08.2012 2169

Retail property of St. Petersburg

In 2012 in the Northern capital, the volume of commissioning of retail space will increase by 33%

The volume of commissioning of high-quality retail space in St. Petersburg in the 2012 year will increase by 33% compared to the 2011 year. At the same time, despite the significant volumes of commissioning of new facilities, the share of vacant space in the market practically did not increase.

The volume of high-quality retail real estate in St. Petersburg is about 3,4 million square meters. m. In the first half of the year 2012 was introduced 144 thousand square meters. m of retail space (3 new facility). Such data are presented in a study by London Real Invest.

According to the company's forecasts, in the second half of the year it is expected to commission shopping facilities with a leasable area of ​​about 127 thousand square meters. m. Thus, over the 2012 year, the total volume of commissioned retail space will exceed the 2011 indicators of the year by 33%, and the total increase this year will be 8%.

At the same time, analysts note that the share of vacant areas in facilities, despite a significant increase in new areas, has not significantly increased. The average vacancy rate is 4,5%; during the peak period of the crisis, this indicator was 15%.

From market trends, experts also note the activity of the owners of shopping centers towards the conception and change of tenants in objects in order to increase occupancy and increase profitability. Some shopping centers expand their retail space, since the ones used are filled several years in advance.

In general, according to RBC daily, in the first half of 2012, almost half of the investments in the Russian commercial real estate market fell on retail space, overtaking investments in office construction for the first time in five years. Amid the decline in quality supply in Moscow, investors conclude more and more transactions in the regions, concentrating mainly on shopping centers, analysts explain.

According to the results of the first six months of the 2012 year, $ 1,523 billion was invested in Russian commercial real estate, which is 44% lower than in the same period of the 2011 year, experts from CBRE consulting company calculated. At the same time, the share of transactions in the retail market for the first time in recent years has surpassed the office segment, CBRE points out. In the first half of 2012, commercial real estate accounted for 49% of investments, while office real estate accounted for only 37%.

In the remaining half of the year, analysts predict an increase in investment in Russian commercial real estate due to problems in the euro area. “Russia today seems to be a relatively less risky and profitable place for investment,” says Matiash Serzhak, director of the investment services department at Colliers International. For his part, General Director of Retail Row Marat Manasyan adds that in Russia the risk levels are higher than in European countries, but the profitability is also higher. According to Jones Lang LaSalle, the minimum capitalization rates in Moscow in offices and retail are 9%. At the same time, capitalization rates in the retail segment in Paris are 5%, in London and Warsaw - 6%, retail.ru reports.

In 2012, the volume of commissioning of retail space in St. Petersburg will increase by 33% The volume of commissioning of high-quality retail space in St. Petersburg in 2012 will increase by 33% compared to 2011. ...
5
1
Rating
Euro Shoes Exhibition

Latest News

Converse Chuck 70 sneakers digitally hit the digital fashion marketplace

Members of the local Converse All Stars community, in collaboration with the designers of the Sxema3D studio, have created a digital version of the iconic Converse Chuck 70 sneakers and placed them on the Russian digital fashion marketplace ...
06.12.2021 2

ECCO introduces 3D printing technology for shoe prototyping

Danish footwear manufacturer ECCO decided to use Stratasys Origin One 3D printers and Henkel Loctite materials to accelerate the shoe design process at its facilities in Portugal and ...
06.12.2021 23

Street Beat will open 5 stores by the end of the year

In December, Street Beat, a network of multi-brand stores for clothing, footwear and sports style accessories, will open new stores in Moscow, Belgorod and Perm. In total, it is expected to open 5 new ...
06.12.2021 94

Showcases of the shopping center "Nevsky Center" will tell about the Russian avant-garde

The shopping mall "Nevsky Center", located in the center of St. Petersburg, at the intersection of Nevsky Prospekt with Vosstaniya Street, opposite the Moskovsky Railway Station, has carried out a seasonal renovation of windows - together with the Russian Museum, has implemented the concept ...
06.12.2021 71

CCC reports record revenue in the third quarter of 2021

The Polish CCC group, a footwear manufacturer and retailer, reports record revenue of 452,6 million euros (2,1 billion PLN) in the third quarter of 2021. The share of internet sales in the group's revenue amounted to ...
05.12.2021 162
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning