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Home»Exclusive news»The commercial real estate market is gradually growing

The commercial real estate market is gradually growing

December 18, 2018

The global economic crisis, the influence of which is difficult to overestimate on the real estate market, begins to retreat a little. This conclusion can be drawn after analyzing the situation in the commercial real estate market using the example of St. Petersburg.

In the northern capital, 12 shopping complexes were commissioned in the northern capital, which made it possible to increase the total number of commercial squares of the city by 242 thousand. sq. meters or 9 % relative to the total supply in the market. Thus, potentially more than 2 can be leased today.7 million. sq. meters of retail premises.

The number of vacant premises in 2012 was not significant. There were about 2% of such areas in the market in the market. However, it should be noted here that in some of the largest shopping centers the demand for the square exceeds the proposal, which allows us to talk about zero vacancy.

The cost of renting on average in the city demonstrated insignificant growth, which, nevertheless, met in the values โ€‹โ€‹of the annual indexation of the rental rate established by the contracts. However, it is impossible not to note the tendency to conclude lease agreements not with a fixed interest rate, but with the amount of payment calculated as the amount of the base rate and percent of the turnover.

If we analyze the commercial real estate rental market by sectors, then such directions as the sale of clothing and shoes have the largest specific gravity: about 43% of the rented premises were intended for such purposes.

The most popular format of the size of the retail space was rooms with an area of โ€‹โ€‹50 to 100 square meters. meters. In these premises, at the request of the tenant, the repair is possible, and the customer himself can choose tiles or laminate in St. Petersburg, guided by his own taste and preferences.

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