Summary of Market street retail in 2010

During the year, market street retail behaved waves. In the spring we have seen a surge of activity, there was a slight lull in the summer and fall of the market has again gone up. "After the crisis of 2009, we expect that the spring of 2010 the market will be calm, - says Ekaterina Lapina, director of commercial real estate ARIN. - However, from month to month activity in the market only grew. " In the spring, demand in the segment of straight solvent per month increased by about 10%. And if another winter of 2009-2010, the average duration exposure facility was 2-3 months, then the spring could find a tenant broker to an object in two weeks. "There were even precedents when the transaction occurred on rent for a day" - adds Catherine Lapin. In the summer of 2010 the market has entered a state of equilibrium of supply and demand. During this time, mostly rented premises, which were idle for six months. Starting in September, offering liquidity facilities has declined steadily. Virtually no free space on Nevsky Prospect - most of them were leased or sold. "In connection with increased demand for space in the sleeping areas of the city, a proposal on the outskirts of town also declined," - said Ekaterina Lapina. At the same time, the situation with illiquid premises during the year remained dismal. "Owners of such facilities have been forced to make substantial discounts in order to interest potential tenants," - says Ekaterina Lapina. During the year the discount on such premises is up to 30%. However, even though the discounts, these objects could pass only if the landlord give the tenant an additional bonus in the form of repairs include the rent, a good grace period to enter the premises and equipment, long-term contract with the possibility of fixing or minor change rental rates and more. During the year, have been active for network operators. Thus, especially in spring was the development of networks for non-food product group - clothing stores, shoes, underwear, fancy goods, industrial goods. On expanding its presence in St. Petersburg, the inner suburbs and regions, said a number of network appliances. Electronics manufacturers discovered authorized service centers. For example, on the street. Marat, 12, was opened in St. Petersburg, the only authorized service center NOKIA. Open new bank branches (Nevsky Prospekt, 107 department of "Orient Express", 9th Line VO Building 32 "Renaissance Credit Bank") and commercial training centers (on the street. Odoevskogo 28 - a new branch of the International School of English First), operators of food service, a segment of apparel, household appliances and household goods. "In the summer there are also several high-profile openings - says Ekaterina Lapina - Basically, it concerned a segment catering, clothing, household appliances and home furnishings." Thus, Ltd. «BERN» (a chain of restaurants PENABAR) rented a room area of ​​2500 square meters. M on the second floor of the supermarket "Super-Siba 'on the street. Savushkina, 119, also opened a summer institution in the street. Of garden. Confectionery House "Volkonsky" opened on Kamennoostrovsky, 8 - this is the first object in the network in St. Petersburg. "The Nutcracker", a restaurant-bar, opened on the square of the Rebellion. Another coffee shop network "Coffee House" was opened in Foundry, 63. Nevsky Prospect again became interesting not only for food service, and brand mid-priced clothing: H & M opened on Nevsky Prospekt, 80, Oggi opened on Nevsky Prospekt, 96, Zara opened on Nevsky 62. Calzedonia opened on Kamennostrovskom etc., 38. Network appliances and electronics, "Yulmart" leased 7220 square meters. m in Technopark "Grace" about art. Metro "Electric power". Finnish SOK Corporation opened a sixth store Prisma in St. Petersburg. The object area of ​​2700 square meters. m is located in Kolpino Street. Proletarian. In the autumn continued active development of the Nevsky Prospekt. By the end of the year there are almost no free space. Thus, the placing on the Nevsky prospect 20 rented shop Nokia, the object on the Nevsky Prospekt, 60, was leased by Accessorize. "This is not surprising, since these facilities are always in demand by prospective tenants, - says the expert. - And now, rental rates for such facilities are made available to the catering and clothing and footwear mid-market. " Increased demand for catering use spaces within and adjacent to the Nevsky Prospect streets. For example, a restaurant-brewery "Baltika Brew" rented space located in the arch of the General Staff at BI Marine home 3-5. Its total area 1700 square meters left. m. st. Malaya Morskaya, 6 opened "Trattoria Stefano." B. Marine opened the restaurant "Ping Pong". Also been interested in catering street. Rubinstein, Moscow Avenue, Grand Avenue PS and many more. Of course, the main event of the commercial property market was the opening of two shopping malls, "Stockmann Nevsky Center" and Galeria. Started in these complexes is expected, including, tenants and built premises located in the neighborhood. "The opening of these facilities will attract an additional stream of people at the center of the city", - said Ekaterina Lapina. However, on the other hand, the influx of buyers in the city center may be less than that calculated for the tenants of the complex. "In addition, Art. Metro Area and Rebellion without shopping malls are always crowded, - adds expert from ARIN. - Movement on Ligovsky Avenue and Nevsky Prospect has always been tight, and with the opening of the complex situation on the roads could get worse. Besides, difficulties with parking reduces the interest of the buyer to the complexes in the city center. "As shown in Moscow, this fact has a great influence on the fate of the trade", - said Ekaterina Lapina. During the year, rents have grown mainly in the highly premises. So, on Nevsky Prospect, the increase was about 70-80%. Premises located in major urban traffic rose by about 60%. "In all other premises rental rates have not changed", - added Ekaterina Lapina. Rents on liquidity facilities built at the end of November Nevsky pr.ot houses 1 to 112 5500 - 8000 rubles per square meter per month from home Pr.Nevsky 112 to 190, Country, etc., etc. Vladimir, Grand Ave . PS, Moscow Avenue, Sadovaya (from pr.Nevskogo to Sadovaya House 50) 2000 - 4500 rubles per square meter per month Major trade routes sleeping areas 3500 - 4500 rubles per square meter per month distant from the Metro Street 800 - 1 900 rubles per square meter per month. Source: ARIN "If the economic situation in Russia in 2011 will not change under the influence of another crisis, which today are afraid of many companies, the commercial real estate market may be a shortage of proposals, and as a consequence, the growth in rents and sales prices of premises - says Ekaterina Lapina. - Price increases by 25% in this case would be fair. "