In Moscow, the vacancy rate decreased The project of the Vegas Kuntsevo shopping center under construction in Moscow (113,4 thousand sq. M)
17.04.2017 2611

In Moscow, the vacancy rate decreased

In the period from January to March 2017, a real estate consulting company JLL noted a decrease in the vacancy rate in Moscow shopping centers

from 7,5% to 7,2%. By the end of the year, according to experts, it may drop to 6,5%.

In the capital, 2017 thousand square meters were announced for commissioning in 217,5. m of new high-quality shopping centers, which is 52% less than the number of shopping centers that began work in Moscow last year. Among the largest announced projects are Vegas Kuntsevo (113,4 thousand square meters) and Vidnoye Park (27,5 thousand square meters).

Starting from 2015, the volume of commissioning of new retail space is gradually decreasing. Many projects were frozen due to the crisis. At the same time, the current 2017 year began with the resumption of construction of suspended projects, such as the Salaris (105 thousand sq. M) and Galleon (14 thousand sq. M) shopping centers. JLL experts predict a recovery in development activity in 2018-2020.

Today, there is a growing interest of developers in small district shopping centers. “In the total volume of the future supply, the share of such projects will increase mainly due to the facilities that will appear as a result of the reconstruction and reconstruction of the ADG Group 39 cinema buildings of the Soviet era (324 thousand square meters of rentable space). TPUs become the growth points of the Moscow retail market, within the framework of which large shopping malls begin to be realized: for example, TPU Seligerskaya (145 thousand square meters of retail space), Cherkizovo (120 thousand square meters), Victory Park ". Such projects will form the bulk of the new proposal starting from the 2019 of the year, ”comments Polina Zhilkina, Director for Retail and Retail Consulting at JLL's Retail Space Department.

In the period from January to March 2017, the real estate consulting company JLL noted a decrease in the vacancy rate in Moscow shopping centers from 7,5% to 7,2%. TO…

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