About 60% of the planned volume of opening of shopping centers in the Russian Federation in 2020 has been postponed to the beginning of 2021, TASS reports, citing analytics from a major international real estate player CBRE.
“The volume of commissioning of new areas in regional cities in 2020 will amount to 207 thousand square meters. m, which is 2,7 times lower than last year's figure, "says Mikhail Rogozhin, director of the regional retail space department at CBRE.
According to CBRE, eight of the fourteen malls earlier this year were slated to launch in the fourth quarter. Developers announced about 2021 thousand sq. M for commissioning in 400. m. of retail space.