The number of offers for the sale of shopping centers has grown in Russia

Last month, there has been a sharp increase in the number of proposals for the sale of shopping centers.  Compared to the same period of the previous year, we can talk about 2-3 times growth.  At the moment, there are about a hundred objects in both capitals and other large million-plus cities.

Such a situation could have arisen due to a sharp drop in customers’ traffic due to the mass exodus of foreign brands. About 30-40% of tenants resorted to the suspension of their work in Russia.

However, most often they continue to pay rent, but on different terms.

The main method of calculating the rent used to be a percentage of sales. It means that the stores contributed the amount depending on the revenue they received for a particular period. Now brands that have suspended work in the country and, as a rule, pay just a fixed amount, thereby holding retail space. However, shopping centers are not focused on such a model, which sharply reduces the profitability of owning them.

At the same time, the Ministry of Industry and Trade said that the decrease in shopping centers’ revenue is not critical, and the companies that have suspended their activities are negotiating with landlords, Izvestia reports.