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.
See all the news
First NFT Asset By The Arveladze Twins To Be Sold On The Auction
Women in Tech
#TheCheckPoints - Economic Freedom and Georgia - Fraser Institute’s Index
#FORBESკვირა - გიორგი ისაკაძის ეპილოგი
#FORBESკვირა - როგორ გამდიდრდა Pfizer?
Kazakhstan’s Share of Bitcoin Mining Increases Sixfold Surging to Third Place Worldwide
Israel Bans Travel In Georgia From July 30
Novartis Prostate Cancer Drug Receives U.S. FDA Breakthrough Designation
Mymarket-ის აპლიკაცია ჩაშვებულია!
The Success of 5 Georgian Wines at Sommeliers Choice Awards 2021
მანინო უწერა - ახალი სასტუმრო რაჭაში
სილამაზის ინდუსტრიის გამოწვევები და #AVON-ის ფინანსური მაჩვენებლები
Investors in Georgia discover that Ease of Doing Business rankings can be deceptive
Baia Kvitsiani to Replace Mariam Kvrivishvili In The Parliament
Wine Earnings From Exports Increase Despite Pandemic
How to study in Britain?
Who Is Vazil Hudak?
PM Appoints Vazil Hudak As A Special Advisor on Attracting FDI
How much do Covid-19 vaccines cost?
Exclusive Follow-Up/Interview with Selim Cakir, IMF Representative in Georgia