New delivery remains low. The only opened SEC in Q1 2018 was ‘Milya’ (GLA 18,800).
12 projects with total GLA of 247,800 sq m is expected for delivery by the end of 2018.
Vacancy rate in Q1 2018 decreased by 0.3 pp to 8.7%, compared to Q4 2017. Limited supply volumes is likely to entail further decrease to 7.5-8.1% by the end of 2018.
Prime rental rate for shopping centers remains unchanged compared to previous quarter at 200,000 RUB/sq m/year*.