Scientific & Practical Journal
Editorial News
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.
Dear readers! We present to your attention the ninth issue of the Logistics magazine, in which we have collected and combined relevant materials. On the pages of the new issue, we paid close attention to the personnel problem. You will be interested in SuperJob's research on changes in demand for personnel over the year, salaries of truck drivers and warehouse staff. Our author V.S.
Dear readers! First of all, we would like to welcome all participants of the grand industry event – the CeMAT RUSSIA exhibition, which will be held from September 17 to 19, 2024, in Moscow, Crocus Expo IEC, Pavilion 1. LOGISTICS magazine will be presented at the event, we invite you to our stand C309, where you can get acquainted with the latest issue of the magazine and find out the terms of cooperation with the editorial office.
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All News of Logistics
There were no new shopping centres delivered in Moscow in Q2 2017
- 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.”
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