“We can’t”: the volume of offers has increased in the commercial real estate market

In Perm, the number of offers on the commercial real estate rental market has increased. In Perm, the offer on the commercial real estate market in the rental category increased by 9% over the month, in the purchase and sale segment - by 8%, the press service of Avito Real Estate told RBC Perm.

Thus, in March 2022, 3,544 advertisements for the lease and sale of commercial premises could be found on Avito Real Estate. Among them there are a variety of proposals: offices, retail space, warehouses, production facilities, catering facilities and others.

RBC Perm analyzed the offers of landlords on the site and noticed that there are a lot of offers for renting commercial premises in shopping centers.

Most of all advertisements for the lease of space are in the Almaz shopping center - 13 premises for rent in the shopping center ranging from 20 to 60 square meters. m. The price tag starts from 250 rubles. per sq. m. The owner of the shopping center is Saturn-R. The holding declined to comment.

The second place in terms of the number of ads is the Stolitsa shopping mall. The complex has recently put up for sale the cinema "Kinomax". Its price is 150 million rubles. In general, the shopping and entertainment complex rents out the areas of the shops To be (166 sq. m.), FUNDAY (650 sq. m.), Stilpark (400 sq. m.), Prime - 2657 sq. m. m (the premises are vacated and rented from November 15), free retail space (300 sq. m) is also for rent.

As RBC Perm was told by the management of the Stolitsa shopping mall, at the moment only 502 sq. m (less than 2%) of the leasable area.

“Management Company “Stolitsa” has been adjusting the pool of tenants over the years based on market research, so we do not have “mass exits”. To be sure, rotations have become more frequent over the past two and a half years. During the period of my work in the management company, interest in the areas in the Stolitsa shopping mall has always been preserved, and this has been for more than 14 years. Just sometimes to a greater or lesser extent. Of course, the waiting list has been reduced, but it is still there,” said Anastasia Dolmatova, deputy director of OOO UK Stolitsa, to RBC Perm.

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Also, space is leased in the shopping center "New Capital", shopping center "Bazaar", shopping center "Pyramid" (from 150 to 400 sq. m), "Coliseum" (from 700 to 3 thousand sq. m), shopping center "Gostiny Dvor" ( from 40 to 320 sq. m), Navigator shopping center (from 72 to 113 sq. m), MegaCenter shopping center (from 50 to 500 sq. m), Baumall (60 and 224 sq. m), shopping center " Goodwin" (from 50 to 300 sq. m), as well as retail space in the shopping center "Khorovod" (1.2 thousand sq. m). and etc.

However, market experts say that everyone who worked stably continues to work. And those who did not feel very well, the situation could push for closure. This is connected not only with the current situation, it is the result of a cumulative effect.

Shopping centers are in a really difficult situation, says Elena Denisova, director of the Trumens Group Management Company. According to her, almost all federal anchor operators sent letters to shopping center owners asking them to reduce rental rates. Some have done so in a categorical manner.

“This causes shopping center owners even more anxiety than the suspension of foreign operators. Rental rates in regional shopping centers are not very high, and operating and utility costs are the same in Moscow and Perm. In recent years, the cost has increased significantly. At the same time tenants came with a request to lower the rent. Logically, we should say to raise the rent, but we understand that we cannot do this. Today, operating costs are about 50% of the rental rate + taxes, territory maintenance, cleaning. Among other things, the owners of the shopping center bear the fixed costs of repaying bank loans. We would like to negotiate, but we cannot,” says Elena Denisova, director of the Trumens Group Management Company.

According to her, to date, all networks have suspended development due to the high cost of repairs and equipment problems. She notes that many networks reported the suspension in informal conversations.

According to the forecasts of the director of the management company "Trumens group", in the future large chains will optimize the area. They will probably abandon those properties that were not attractive enough in terms of turnover and revenue to move the rest to more successful projects.

“It is clear that a queue is definitely not formed for the freed up area. All the freed up space is an additional burden on the landlord,” the expert says.

Anastasia Dolmatova, Deputy Director of Management Company Stolitsa LLC, says that now the most effective support measure would be to ease the tax burden for all participants in the retail real estate sector.

“Two covid years hit shopping centers and retailers, and owners, and management companies very seriously. What is happening now can lead to mass bankruptcy of the participants. Regional (Permian) entrepreneurs are especially vulnerable,” says Anastasia Dolmatova, deputy director of OOO UK Stolitsa.

In addition, Elena Denisova notes that at the moment all landlords are waiting for the first judicial precedent to recover rental debts from a foreign company that has suspended its activities in the Russian Federation. The Moscow Arbitration Court has already received a claim from the shopping center for the recovery of 63 million rubles. from a major trading organization. Many companies paid rent based on monthly revenue. Now it is not, respectively, there is no rent.