Dear readers! We present to your attention the sixth issue of Logistics for 2024. On its pages, we summarize the results of the international exhibition of logistics, transport, warehouse equipment and Logistika Expo, which became the main premiere of this year. Our editorial staff took part in the event, as a result of which they made useful acquaintances and found new readers. In the latest issue, we continue the topic of automation and robotization in the industry.
Dear friends! We present to your attention the fifth issue of Logistics for 2024. Like you, our dear readers, we see an increasing trend of digitalization and automation of the logistics industry, and more and more authors are paying attention to it.
Dear readers! We present to your attention the fourth issue of Logistics for 2024. On its pages, we summarize the results of the TransRussia | SkladTech 2024 exhibition, held from March 19 to 21 at Crocus Expo. The organizers and guests of the event claim that the exhibition is breaking new attendance records from year to year and improving its business program.
- Only 195,000 sq m of new retail space could be delivered in Moscow by the end of 2017 –
-
Vacancy could reach a record 8.5% by the end of the year -
CBRE, global real estate advisor, summarizes H1 2017 results of the Moscow Retail market. According to the report, due to a decline in delivery volume by 58% compared to the previous year, average vacancy rate may decline to a record low 8.5% by the end of 2017.
Q2 2017 key Moscow Retail market indicators
Q2 2017 |
Q1 2017 |
2017 F |
|
Total stock, ‘000 sq m |
5,733 |
5,733 |
5,928 |
Completions, ‘000 sq m |
0 |
0 |
195 |
Vacancy rate in SCs, % |
9.5 |
8.8 |
8.5 |
Prime yield, % |
10.25 |
10.00 |
10.00 |
Source: CBRE, Q2 2017
5 new shopping centres are expected to be opened by the end of the year. Three of them have a high probability of opening in Q3 2017, including VTB Arena Park, Vegas Kuntsevo, Zhulebino, Galeon and Vidnoye Retail Park. By the end of the year, the shopping centres completion in Moscow may reach just 195,000 sq m.
A drop in vacancy level caused by zero delivery in H1 2017 is observed in both older projects and those delivered amidst the crisis in 2014-2016. The average vacancy level in shopping centres of 2014-15 decreased from 27% to 13% over the last two years, and in projects delivered in 2016 – from 38% to 17% over the last 12 months.
In H1 2017 the retailer activity remained high. 23 new retail chains entered the Moscow market in H1 2017, 33% of which were from clothes and shoes segments. Eataly, Jura, Clarins SPA, Huawei, Meizu, Plein Sport and others entered the market in Q2 2017. Another 15 new brands announced their plans to enter the market during 2017. Among them are Disney Store, Mauboussin, Aiim, Tresophi, and others.
Marina Malakhatko, Director of CBRE Moscow Retail, said:
“Bad weather affected performance of fashion retailers in the first half of the year. They didn’t manage to sell summer collections before the start of sales in June and July, which is why the majority of retailers had to reconsider their development plans. Rental rates still very much depend on a quality of a project, so they technically increase due to low delivery volume.”