Waiting for a deficit
Analysts forecast shortage of retail space in 2013 year
In 2012, 8 retail facilities with a total leasable area of 163,4 thousand square meters were opened in Moscow. m. Among them are classic shopping centers and shopping galleries. As emphasized in the report of the Welhome company, in comparison with the commissioning of retail space in 2011, this figure is 30% lower this year.
As of mid-December 2012, the total volume of quality retail space in Moscow is 4,0 million sq. M. m GLA. The analysts of the company note that in 2012 not a single large shopping center of the super-regional format was commissioned, although such facilities as the Hudson shopping and entertainment center and the River Mall were expected to open, the dates of which were once again postponed. Thus, the main trend in the retail real estate segment continues to be the reduction in the commissioning of high-quality premises.
Nevertheless, in the current 2012 compared to 2011, there are more new announced projects for the construction of shopping centers, including: Butovo Mall and MD Mall, Filigrad, the announcement of the resumption of construction of the Mosaica shopping and entertainment center, etc. According to the project consulting and analytics service of Welhome, the main event in 2012 was the opening of the first Outlet Village Belaya Dacha outlet center in Russia. The opening of another outlet center - Vnukovo Outlet Village was postponed to the 1st quarter of 2013.
In the short term, given the further reduction in the commissioning of new retail space and the continued high demand from retailers in the Moscow market, there may be a shortage of them and, consequently, an increase in rental rates for 10-15% in individual properties, the company said.
As Welhome analysts note, in 2013, 637,3 thousand square meters were announced for commissioning. m GLA. However, as practice and current trends show, the dates for commissioning many facilities will be postponed. In the 2013 year, we forecast the introduction of the order of 300 thousand square meters. m GLA.
Analysts forecast a shortage of retail space in the 2013 year. In the 2012 year in Moscow, 8 retail facilities were opened with a total rentable area of 163,4 thousand square meters. m. Among them are classic shopping centers ...
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