People may prefer small-sized local markets to hyper/supermarkets in Georgia - Colliers

05:57 Fri, 05 March

GEO

USD

$ 3.3190

EUR

€ 3.9977

GBP

£ 4.6250

RUB

₽ 0.0450

TRY

₺ 0.0044

AZN

₼ 0.0195

Bitcoin

46,797.2000

Ethereum

1,476.7800

Bitchoin Cash

487.9950

Litecoin

172.1440

XRP

0.4600

08.Oct .2020 17:20

People may prefer small-sized local markets to hyper/supermarkets in Georgia - Colliers

189

Back

Shopping centers are expected to suffer from a significant fall in revenues in Georgia.

The Fashion, Food & Beverage, and Entertainment categories, holding 45% of total leased space, will most likely experience a significant negative impact in the short term – Colliers International reports.

According to the organization, hyper/supermarkets within shopping malls will face a partial risk due to reduced demand. Presumably, people will prefer small-sized local markets and grocery stores located near their residences.

In the mid-term, demand may rise for large-sized shopping areas and retail parks (including so-called outlet villages), which will be comprised of isolated commercial units. Also, discussion will open on the relocation of children’s entertainment centers to open spaces – Colliers assumes.

Colliers International