Some of the shopping malls say that the demand for shopping spaces from the companies has increased and at the moment the facilities are fully occupied.
As "Galleria Tbilisi" told BMG, rental prices are up by 10% y-o-y. According to Nini Aduashvili, the head of the communications service of "Galleria Tbilisi", the demand for leasing space has increased both from international and local companies.
"At this stage, "Galleria Tbilisi" is fully occupied and there is no space for rent. The demand from different brands is very high. The shopping mall does not allow us to offer new spaces to brands at this stage. However, after some time, we may already have the opportunity to receive new companies. As for the rental prices, depending on the demand, the premises have become more expensive by about 10% annually. In general, the demand is growing from the customer's side as well, including expensive brands. Many new brands were added to our space last year," said Nini Aduashvili.
Some companies talk about the shortage of commercial and trade spaces in Tbilisi and other regions. The representatives of the retail sector say that at the moment there are no free space in large shopping centers, which prevents the introduction of new brands in Georgia.
