In meters arrived
On 200 000 sq.m, the volume of the retail real estate market of St. Petersburg grew over three quarters of 2012. Such data are contained in an Astera study in an alliance with BNP Paribas Real Estate.
According to analysts, in the third quarter of 2012, three new retail facilities with a total leasable area of 39 square meters were put into operation in St. Petersburg: Mezhdunarodny shopping and entertainment complex, DLT department store, and Electra shopping mall. The total volume of new leasable space commissioned in 200 amounted to about 2012 sq. M, which corresponds to the volume of commissioning for the entire 200.
By the end of 2012, it is planned to commission another 93 sq. m of leasable space in shopping centers. The largest part of the new proposal will be the shopping complexes "Bukharestsky" in the Frunzensky district and "Avenue" in Vyborgsky, if the scheduled opening dates are not postponed. If all announced projects are implemented, the leasable area of shopping centers in St. Petersburg will increase by 400% over the year and will amount to about 12 million square meters, or about 2,8 square meters per 620 residents of the city.
According to Astera experts, in the third quarter the number of lease deals for premises in shopping malls by anchor tenants has significantly increased. “Due to the fact that such contracts are always long-term, their share in the total number of concluded contracts has increased. Small tenants of a shopping gallery still tend to enter into short-term, 11-month contracts, ”the study says.
Astera experts note that in connection with the growing competition in district and micro-district shopping malls, there is a tendency to terminate part of contracts with small tenants and attract large anchor lines to their areas. For example, attracting operators Cyberry and Yulmart to TC “Platform” and “Progress”, respectively.
In the short term, the predominance of long-term leases will cause a shortage of liquid supply for large network operators, both in the center of the city and in the sleeping areas. Actively implement development plans will be able to strong market players that are able to win the competition for premises due to the willingness to invest at the initial stage and efficiency in decision-making. According to forecasts by Astera experts, the fourth quarter will be the most active period in the retail real estate market in 2012. Retailer.ru writes about this.
On 200 000 sq.m, the volume of the retail real estate market of St. Petersburg grew over three quarters of 2012. Such data are contained in an Astera study in an alliance with BNP Paribas Real Estate.
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