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Russia leads Central and Eastern Europe in volume of shopping spaces

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Russia leads Central and Eastern Europe in volume of shopping spaces

As of the 1st of December 2016, a total volume of retail facilities in Russia amounted to 18,6 million square meters, the report released by Cushman & Wakefield company says.

Thus, Russia has maintained its position of the largest market of shopping centers in the Central and Eastern Europe, the analysts note. By the end of 2017, according to developer’s announced plans, a total volume of shopping centers in the country might increase by 2,3 million square meters more.

However, according to Cushman & Wakefield’s forecasts, if delay of construction time is taken in consideration, no more than a half of the announced spaces will be put in operations.

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