“If the process of restoring traffic purchases is going to recover, it will continue the construction of shopping centers, said Akberdieva. – In 2019-2020 has been declared a record entry of TTS, some of them are already in the process of implementation. It is clear that maybe they will be completed and put into operation later, but some of the objects, maybe with some adjustment, but in any case, in the next five years they will come out on the market.”
In Moscow shopping centres opened on 1 June. In the first weeks of their work, according to Knight Frank, on weekdays, the traffic has slipped by 50-60%, weekend 40% compared to last year. Traffic in the stores themselves sank less by 30-50%. “Shopping becomes more targeted. People, if you come in the Mall, they must come with a purpose of shopping in a particular store,” explains Akberdieva. In General, Russia’s sagging traffic and revs about the same as in Moscow – in the order of 30-50%.
“We expect that in June the traffic will be restored to approximately 60% of the indicators prior to the introduction of the regime of self-isolation. After you open stationary restaurants in the TC plus when will be open family entertainment centers and cinemas, the traffic will recover even more, it can give an additional 20-30% to the current figure,” said Akberdieva. While the exact date of the opening of the entertainment areas is still unknown – one can only hope that this will happen in the coming months, said the expert.
In Russia the restoration of traffic may be faster. In the first month of work, he could reach 70-80%. “In the regions of TTS are one of the main places for leisure activities, visits, meetings with family and friends, the traffic there can recover more actively than in Moscow,” – said the representative Knight Frank.
the restoration of the traffic, stabilization may occur by the fall of this year, the company States, recovering to pre-crisis levels around the middle of 2021. Entertainment centres and cinemas to pre-crisis indicators will return, most likely, later – by the end of 2021.
In the first months after the opening of the landlords are willing to provide tenants with milder conditions. As shown by the survey conducted by Knight Frank, in the first month after quarantine they often give a discount on rent in 50-70% in the second month – from 30% to 50%. “In some cases, these discounts are for three months, in rare cases up to the end of the year,” – said the development Director of PM&Retail Knight Frank Mikhail Safonov.
At the same time, as noted by the participants of the round table, not all landlords are willing to provide discounts to their customers. And some even increase the rent, referring to the indexing of previously prescribed in the contract.
Only 1-2% of tenants are estimated Safonov, close the outlets and go shopping. Most nustroeno for further work. “Go, perhaps, those who have up to this crisis, it was not very great,” – said Safonov.
worst of all is the situation in the Mall that depended on the flow of tourists or the business environment in their area. They have streams of customers, and profitability is restored more slowly. Shopping centers at home, in cities where the number of tourists had no value, was restored to 80-90%, said the representative Knight Frank. According to Safonov, there is a risk that objects which are on the verge of profitability, will be managed by the Bank. For tenants it is not always good, he said, on the objects managed by banks, it is usually possible to conclude a contract only for a short time, they are characterized by long decision-making, often tenants do not understand who to turn to, no investment in marketing and upgrading the facilities.
