Scientific & Practical Journal
Editorial News
Dear readers! We present to your attention the final issue of the LOGISTICS journal in 2024. We have tried to make it rich and interesting. Today, many Russian companies operate under strict sanctions restrictions, which force them to reorient logistics flows. One of the possible solutions to this problem may be the Russia – Mongolia – China economic corridor. Details can be found in the article by Alexandra Kazunina.
Dear readers! We present to your attention the 11th issue of the LOGISTICS magazine, where you will find relevant materials and articles. And again, the focus is on international cooperation. An important event in this area was the International Trade Day 2024 Forum, held on November 7, 2024 in Moscow.
Dear readers! The tenth issue of LOGISTICS journal opens with a large article dedicated to the results of the BRICS Business Forum, held on October 18, 2024 in Moscow. Yulia Kislova, Director of Agency Market Guide LLC and publisher of LOGISTICS journal, attended the event and prepared an article where she paid special attention to international trade and logistical connectivity of the countries of the association. The details are in the room.
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All News of Logistics
The decline in retail sales led to vacancy rate growth and fall in rental levels in Moscow shopping centres
Moscow, 21 January, 2016 – According to JLL estimates, vacancy rate on Moscow retail market has reached 8.3%, increasing by 0.8 pp. in Q4 2015 and by 2.3 pp. YoY respectively. The availability has increased due to both high volume of new Moscow retail supply (560,000 sq m in 2015) and active rotation of tenants who are under pressure due to sagging consumer demand.
According to Rosstat, accumulated retail turnover growth in January-November in Russia has reached a level of -9.3% to the corresponding period of the previous year, Moscow’s retail sales were down by 13% YoY over the same period.
JLL estimates that the vacancy rate on Moscow shopping centre market might reach 10% by the end of 2016, which is close to the record-breaking 11% of Q2 2010. “The reasons for the expected growth of vacancy rate in Moscow shopping centres are the negative forecast for retail market dynamics as well as a significant volume of new projects launched their development before the crisis,” – Tatyana Kluchinskaya, National Director, Head of Retail Department, JLL, Russia & CIS, explains. – “Around 460,000 sq m of new quality shopping centres is likely to be completed in Moscow this year, and following the latest market trends, they are to be occupied by average 50-60%”.
“Currently, expansion-oriented retailers enjoy a variety of alternative offers in the existing shopping centres and prefer the malls with clear footfall and predictable sales. The empty spaces of newly-established schemes will be rented out gradually during the first year of operation. In addition, the significant decline in the future supply will support the overall vacancy rate’s contraction in the market in the long term.” - Tatyana Kluchinskaya adds.
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