Average vacancy in shopping centers of Ivano-Frankivsk in Q2 2019 is 3.9%, developers retain low construction activity: the terms of commissioning of three shopping and entertainment centers were postponed indefinitely, UTG consulting company (Kyiv) has reported. “The interest of retailers in the Ivano-Frankivsk market is very high. In the shopping centers of the city, there is a demand for fashion, entertainment and catering brands. The availability of professional retail space corresponds to 334.9 square meters per 1,000 inhabitants – below the average for Ukraine. The shortage of retail premises is 27,500 square meters, whereas for 2019-2020 only a building on the territory of the Holovny market with a lettable area of 4,800 square meters was declared for opening, UTG analyst Oksana Havrylevych told Interfax-Ukraine.
According to her, in the city, most of the existing and leading shopping centers were opened in 2004-2014. By now they are morally and physically obsolete.
According to her, in the most high-quality facilities rentals for the premises of the fashion gallery area of 50-100 square meters ranges $15-20 excluding VAT. The total market offer of Ivano-Frankivsk over the past five years has been replenished with only a few small facilities with an area of 1,000-2,000 square meters.
Thus, at the beginning of 2019, three district, eight micro district, 11 specialized, two entertainment centers and four detached hypermarkets were operating in Ivano-Frankivsk.
According to the ICSC classification, excluding small shops and premises of the street-retail format, city markets and detached super-and hypermarkets, the total area of the city’s retail facilities is 87,300 square meters, which corresponds to an indicator of 1,043 square meters per 1 square kilometer of the total area of the city.