Shopping Centers Kiev in crisis

The crisis has had a significant impact on the segment of commercial real estate has changed the balance - the market becomes the landlord tenant market. But the market for shopping centers in Kiev is not saturated and has enormous potential in the future. Told Herman Panikar, associate director of financial markets and investments Jones Lang LaSalle in its report entitled "Current situation in the commercial real estate market. Strategies to attract international investors. Forecast for 2009-2010гг. , The first day of the international exhibition-conference Mall Expo & Retailtainment, which was held October 1-2 in Kiev.

Specialists of the company «Socmart» attended a conference, and the material presented in this part of the report of Herman Panikar on the current situationcommercial real estate market, key trends and investment aspects and perspectives.

According to the expert, the amount of quality retail space in Kiev is 287000kv. m. Accordingly, the amount of retail space per personKiev is 104kv. m. For comparison, in Moscow - 380 kv. m. per person, in Warsaw - 600kv. m. But do not assume that and Kiev are much more performance in terms of retail space per capita - in fact in Ukraine below consumingability than in other countries, said portal for commercial real estate socMart.

According to Herman Panikar, average rental rates in Kiev in shopping centers last year fell by 51% - up to 1080 dollars. year. For comparisonwere given and the capital of other countries, but the degree of the fall of rents, the highest in Kyiv. In other cities do not fall so strong, and some even level of the average AC remained unchanged (for example, in Paris 2000dol. Per year)

Availability for retail space in high-quality shopping center and mall of the capital has increased from 1% to 5%. But in the future alarmists see no reason for the increase in vacancy, in fact, he believes that it will decrease. This is due to the fact that in the coming years will be introducedfew new shopping centers in Kyiv.

http://www.socmart.com.ua/