The cost of renting retail real estate will decline by 2010 - news about real estate, Kiev, Kyiv region. Real Estate In Ukraine
The decrease in rental rates for commercial real estate in Ukraine is possible in 2009-2010, when is the commissioning of most of the projects in this segment.In the retail segment there is a significant lack of quality spaces that are ready to rent a large company, whereby there is an increase in rental rates. Of Isak noted that in April 2008 in this sector was almost 100% growth in rental rates. In particular, rates in shopping centers increased from $55 to $100-110, and in boutique areas of any nature. Rental rates in food supermarkets вЂ“ from $18 to $25-30.The expert believes that the main trends in the retail sector in Kiev and cities of Ukraine are increasing from 20-30 thousand sq m to 50-200 thousand square meters, due to which shopping centers are displaced from the Central to remote areas of the city; and the increase in the entertainment sector in malls. According to Valery of Isak, and some claimed to date the project area entertainment center takes up to 50% of the total area."We are approaching the situation in the market, as in Moscow, where every shopping center almost 80% filled with the same tenants, both food and clothing. And profitability of the shopping center depends solely on the entertainment sector. Many potential developers are trying to do as a very interesting interior of the object from the point of view of design and saturate the entertainment sector," he said, reports marketing-ua.com.Of Isak believes that because of these trends, the process of appreciation of the project and increase its payback time.