Kiev joined the list of most expensive cities in terms of rental rates for retail space

Kiev joined the list of most expensive cities in terms of rental rates for retail space

Kyiv took 20th place in the EMEA region in terms of rental rates for retail space on the main shopping streets and 23th place - in shopping malls.

London continues to occupy the position of the most expensive city in Europe in terms of rental rates on the main shopping streets, the company reported Korrespondent.biz Colliers International. By the third quarter of 2011 in London fixed rental rate of $ 15 743/kv. m / year. This is followed by Paris ($ 14 131/kv. M / year), Zurich ($ 10 976/kv. M / year), Milan ($ 10 009/kv. M / year) and Geneva ($ 8 686/kv. M / year) .

International consulting company Colliers International has prepared a review of rental rates and capitalization rates in shopping centers and major shopping streets in the largest cities in the region EMEA-Europe, Middle East and Afriki.Vsego in the study were examined 52 cities in 35 countries in the region.

Given a sufficiently stable state rates during the current year, Kiev ($ 3 600/kv. M / year) located at 20 line rating.
At the rate of rent for space in shopping centers in Kyiv took 23th place with $ 1 560/kv. m / year. The first line in this ranking took London, Dublin, Birmingham, Manchester and Frankfurt.

"During the first half of 2011 the market was an increased demand for quality retail space, which led to a slight increase in rental rates, as in shopping malls and on main shopping streets of the capital - said Natalia Kravets, Director of retail at Colliers International Ukraine - The second half is characterized by moderate demand from retailers and the stabilization of rents. "

As previously reported, in the third quarter, new office space supply of class A and B was about 50tys. square meters. m.