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

18:22 Mon, 18 October

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08.Oct .2020 17:20

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

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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

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

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