In the first half of the 2014 year, the level of vacant space in shopping centers in Moscow increased to 2,9%, according to a study of retail real estate in the capital conducted by CBRE's market research department.
During the reporting period, 16 new international brands appeared on the Moscow trade market. Among them are Armani Jeans, Deichmann, Harmont & Blaine, Moncler, Norma, J. Baker, Prenatal Milano, Tartine et Chocolat and Tony Moly.
Since the beginning of the year, 280 000 sq. meters of shopping centers, which is 45% of the expected annual supply. The total leasable area of open shopping centers has reached 179 000 sq. meters.
In the second quarter of 2014, two shopping centers were opened. These are "Spring" and "Vegas Crocus City". The third stage of the Otrada Trade Park was also put into operation.
The volume of supply of retail space in the capital for the second half of the year amounted to 4 380 thousand square meters. meters. It is 362 sq. meters per 1 inhabitants. During this period, developers announced two new retail facilities: the June shopping and entertainment center on Preobrazhenskaya Square and the shopping center as part of the multifunctional complex in Strogino.
In the street relail segment, no major changes were observed over the past quarter. The rental rates for premises of the street relail format on the main shopping streets of Moscow have slightly decreased, but generally remained at the level of the previous year. The level of supply is highest outside the Central Administrative District - ON Kutuzovsky and Leningradsky avenues and on Mira Avenue.