According to a rating compiled by analysts of Cushman & Wakefield, by the end of 2017, Russia has ceased to be the leader among the countries of Europe in commissioning new areas in shopping centers.
The experts claim that in 2017, Russia fell to the second line of the rating prepared by Cushman & Wakefield, RIA Novosti news agency reported on Thursday. The reason for that was a decrease in the annual volume of new space that was put in operation — from 1.6 million square meters in 2016 to 616,000 square meters in 2017. This indicator is the lowest in the last decade.
The forecasts for the current year do not promise any drastic changes: only 500,000 sq.m of retail space is planned to be put into operation in 2018.