Impact on commercial property . More than a year since the crisis began in Ukraine. Now experts say that we do not live in the crisis period , but already in the new economy .
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After the outbreak of the crisis there is a chain: The liquidity crisis -\u003e The population decreased income -\u003e especially among different segments Real Estate Market has suffered, as people began to buy less -\u003e retailers and operators have come to the shopping center owners requesting a connection a decrease in turnover to lower rents. What are the characteristics crisis for commercial real estate: * * The demand abortion * Many companies have problems with the financing of projects * Bankruptcy developer companies, banks, many withdraw from the market of Ukraine * Falling rents * There has been a redistribution of market shares of real estate - a mirror of the economy. After the crisis, real estate development activity had decreased markedly. Many projects for a long time will remain on paper. This is not only with the problems of lending from banks. Even those developers who have own finances under development of shopping centers, do not start to build because they do not understand the economics of their projects. Nobody can predict What will happen to rental rates in a year or two. Consumer behavior trends on consumer behavior in the exhibition and conference Mall Expo \u0026 Retailtainment in early October were: * decreased demand and the number of purchases in the segment long use goods (cars, household appliances and electronics, etc.) * food and goods bought for personal use at the same level, but switched to the cheaper segment of the categories of alcohol * production the situation is opposite: people are more likely to consume less than move to counterparts in the lower price range * reduced spending * for travel in general, with the advent of crisis, people began to prefer a healthier lifestyle * I wonder what the demand for mobile phones fell. They were no longer seen as a luxury but essential goods Supply and demand for commercial real estate market (tenant and landlord) Proposal. In Kiev this year were put into operation such trade centers: the first stage Domosfera, 4ROOM, Arax, until the end of the year are planned Mall to open on Dreamtown Obolonskiy Avenue (opening October 22 on the plan 2009), TC on the street. Malyshko, Rainbow at Sivashskaya, Bolshevik 3och., Shopping complex near Shulyavska bridge. The following year, moved the opening of mall Sky Mall at Vatutina shopping center in the LCD Artemis, the Esplanade (other Continental name). Altogether, according to information from a database of construction sites and trade projects centers in the capital, erecting 38 objects with a significant commercial component. Many of the objects of the shopping center and mall-frozen for example, is not building Works on SEC Marmalade, IFC Toronto Kiev, a shopping center near Chernigov pm. But there are some positive trends - the summer has started building the shopping center Lviv to the area, stepped up the construction of retail and office complex near Teatralnaya. In future articles, analytical resource for real estate Sotsmatr talk more about new and upcoming Kiev malls. As the demand for one is a goal (the lessor) to another is costs (tenant). And if before "the horse" was the owner of the shopping center, then now it is the era of command tenants. According to experts, rents over the last year in shopping centers in Kiev fell to 40-60% a dollar equivalent and the average base AC is now 1050 dollars. per year per square meter. m. However, landlords are increasingly forced to make concessions in order to retain or attract tenants - vacation credit, a percentage of turnover, fixing rents in local currency. Worse still feel unsuccessful or TC (occupancy prior to the crisis which was also quite high due to the rapid development of the market), or new commercial and retail and entertainment centers, which are not yet proven. Vacancy of retail space in professional facilities in Kiev is 3-5%, less successful in reaching to 10%. Many landlords are moving to other schemes of work - for example, so will work on the network Auchan Hypermarket Mall Panorama groups (previously worked ruined with the operator in Ukraine Okay). Interaction with Achan is on this principle - a fixed rate, but if a certain percentage of of the turnover of its hypermarkets over, pay only the interest. SEC Panorama groups is - under construction Sky Mall (Dneprvskaya marina) in Kiev, Solar Gallery in Krivoy Rog, City Mall in Odessa. Auchan Hypermarket take in these SEC in total area of
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