Potential decrease in office rental costs observed in Krasnodar.
Summer in Krasnodar might just be a goldmine for businesses on the hunt for affordable commercial real estate! Current situations suggest a surge in supply, leading to a shortage in demand for office spaces, shopping centers, and warehouses. This imbalance is expected to escalate with the commissioning of new centers like BC "Ankot", SBS Shopping Mall, and the trade gallery of the "Galaktika" shopping center.
Adding fuel to the fire, vacant street retail objects previously occupied by gaming clubs will flood the market. Experts predict a lack of increased demand, leaving the owners of these new buildings no choice but to lower rental rates.
By the summer of 2009, rental rates may drop by a significant margin. The warehouse segment could see a reduction of 3-4%, the office segment might plummet by 5-7%, and the retail segment could take a hit of up to 15%. So, get ready, business owners! The perfect opportunity to secure prime real estate locations in Krasnodar might just be around the corner! (Note: This information is based on general economic trends and principles around the time, not specific to Krasnodar.)
The influx of vacant street retail objects might cause a surge in available commercial real estate, potentially leading to reduced rental rates for warehouses, offices, and retail spaces in Krasnodar by summer 2009. Thus, business owners may find prime real estate locations more affordable due to a possible decrease of 3-4% for warehouses, 5-7% for offices, and up to 15% for retail spaces.
