Belgrade Retail Market - DANOS

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Rental LevelsRents of the retail majority in the internationalstyleshopping centre Mercator (except anchortenants) are approximately between EUR 25 and50 sq m per month, but vary depending on thesize, position and foot-traffic.Recorded rents for Immocenter vary betweenEUR 25 and 33, for units between 100 and 150 sqm. Rents in Delta city are approximately EUR 30-50, for units between 100 and 200 sq m and averageprice for units less than 100 sq m is EUR 50 persq m per month. Rents in other shopping centers -New Millennium Centar, City Passage, Futura andPiramida vary significantly more. For example inCity Passage and Piramida price range is EUR 15-30 per square meter per month. Shops in NewMillennium Centar achieve prices of EUR 30-60per square meter per month. Considering thatseveral projects of shopping malls are currentlyunderway based on our market knowledge, assumptionfor future rental level is within a rangefor hypermarket of EUR 7-11 per sqm.There are four main factors that influence the baserent for each store in the mall: size and shape ofthe store, linear frontage and visibility, position ofthe store inside of the mall, and intended use. Inaddition to the base rent, a CAM (Common AreaMaintenance/service charges) and marketing feeshould be charged. It is customary with pre-leasingof new shopping centers to charge a “percentagerent” (percentage of the turnover) on top ofthe base rent.Yields for prime street locations are at around 7%and for shopping mall from 8 - 9%.Selected asking prices for retail premises, in EUR/sq m/monthIn line In line tenants (less then 100 sqm)In In line line tenants (100-200 sqm)Mini anchors (200-600 sqm)Anchor Anchorte tenants (more then than600 sqm)ServicesCafesFood courtEntertainmentHypermarket3530201630302577555035225050401212Source: Danos Serbiaminmax
Offices in EuropeATHENS1 Eratosthenous Str., &Vasileos KonstantinouAvenue, 116 35Τel: +30 210 7 567 567Fax: +30 210 7 567 267info@danos.grNICOSIA35 I. Hatziiosif Avenue,2027 StrovolosΤel: + 357 22317031Fax: + 357 22317011danosa@spidernet.com.cyGreeceCyprusTHESSALONIKI3 Ionos Dragoumi Str.,546 25Τel: + 30 2310 244962Fax: + 30 2310 224781info.thes@danos.grwww.danos.grLIMASSOL69 Gladstonos Str., 3040Acropolis Centre, Shop 10Τel: + 357 25343934Fax: + 357 25343933danosa@cytanet.com.cywww.danos.com.cyAlbaniaTIRANABlvd. Deshmozet e KombitTwin Towers, Building 2Tel: +355 4 22 80 488Fax: +355 4 22 80 192info@danos.alwww.danos.alSerbiaBELGRADE6 Vladimira PopovićaStr., Office B31Tel: +381 11 2600 603Fax: +381 11 2601 571office@danos.rswww.danos.rsBulgariaSOFIABlvd. Hristo Botev 28Tel: +359 2 953 23 14Fax: +359 2 953 23 99info@danos.bgwww.danos.bg
Page 5 and 6: Belgrade Retail MarketAs a capital
Page 7: Warehouse Retail MarketIn the first

Belgrade Retail Market - DANOS

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