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Distribution networks are rapidly developing in the “average minus” segment
23.02.2011 3118

Distribution networks are rapidly developing in the “average minus” segment

The main trends of the Moscow retail real estate market in 2010 were the active development of large Western department stores, the shift in demand for retail space in the fashion category from street retail to professional shopping centers, the filling of empty premises in new large-scale shopping centers, an increase in the waiting list in the most successful Moscow shopping centers, the loss of tenants in small shopping centers with a premium assortment matrix and the emergence of the need for reconception, a significant decrease in demand for new premises from premium and luxury brands and the rapid development of a number of chains in the “medium minus” segment - especially in the categories “Clothes and footwear”, revival of demand from such problematic category as “entertainment” in the previous 1,5 years. The trends were announced by the analysts of SA Ricci / King Sturge at a press conference dedicated to summing up the results of 2010 and the main trends in the commercial real estate market. The website asninfo.ru writes about this

“Despite the decline in demand from several categories of tenants along the most powerful trading corridors, current sales prices were approaching the pre-crisis level due to private investors,” said Ilya Shuravin, director of the retail real estate department, partner of SARicci / King Sturge. - So, on Myasnitskaya Street, the sale price reached $ 18 thousand. pper meter, in Stoleshnikov Lane, leases were signed at a rate of up to $ 5 thousand per meter per year. ”

The main indicator of the year in the warehouse real estate market was the decrease in vacancy rates from 19% to 4% by the end of 2010. It is also worth noting the unprecedentedly low volume of newly commissioned objects in the history of the modern warehouse and industrial real estate market.

The total volume of transactions in 2010, lease / sublease, purchase and sale and revision / extension of a lease agreement exceeded 1,1 million square meters. m. One of the main trends in 2010 was the enlargement of the average transaction size. So in early 2010, the average transaction size was 9 thousand square meters. m, and by the end of the year increased to 15 thousand square meters. m According to SARicci / King Sturge forecasts, in 2011 rental rates will increase by 10-15%. Demand is expected to increase from tenants in all areas due to leaching of facilities in the most popular areas. The move of many logistics and distribution companies outside of Moscow in connection with the latest changes in the policy of the Moscow government will further spur growth in rental rates. It is also projected to increase the number of speculative projects from 30 to 100 thousand square meters. m at a distance of 30 km from the Moscow Ring Road in the north and north-west directions, which corresponds to demand.

The main trends of the Moscow retail real estate market in 2010 were the active development of large western department stores, the shift in demand for retail premises in the "fashion" category from ...
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