Naaju Breaking News, Live Updates, Latest Headlines, Viral News, Top Stories, Trending Topics, Videos
[ad_1]
After a year of pandemic, business premises began to count the consequences left by the decline in economic activity. In the city, 13,514 stores closed in 2020. The second half of the year showed a total of 31,685 m² offered for rent across major trade corridors. It involved a 15.66% increase in vacancies (available surface) compared to the previous semester, according to the latest retail report launched by the Argentinian Chamber of Commerce and Services (CAC) in collaboration with the company Colliers. In addition, the most striking data were the collapse (62%) of rental prices Claimed by this type of rentals last year.
If in the second half of 2020, the collapse of commercial activity has managed to dampen a little compared to the first (-25.4% over one year in April 2020 and -20.0% in May 2020), the full movie of last year shows sharp decline even compared to 2019.
According to a recent CAME report, on average there are 9 empty commercial premises per block in the country. The entity estimated that By 2020, 90,700 stores have closed across the country. 15.6% of commercial premises are represented in Argentina.
As for what is happening in the city of Buenos Aires, “some companies have managed to reopen their activities earlier and that is why they are slowly starting to improve their indicators but others are barely able to do so due to the existing restrictions, ”they explained. in the CAC.
“Therefore, it is difficult to obtain positive data in the sector hotels and restaurants, transport and communications . Perhaps the positive values in other sectors such as real estate and trading activity and wholesale and retail trade are very low and temporary because, so far, no vaccine guarantees the free mobility of society and the functioning of different economic activities >>, Explains.
On the supply side, the report points out that the vacancy rate (available surface) amounted to 3.49%, i.e. an increase of 1.79 percentage point compared to that recorded in the second half of 2019 (1.70%). This happened when the trend towards freeing up space continued, a behavior displayed in the first half of the year due to the paralysis of the commercial sector due to the measures of social isolation.
Based on these data, 61.16% of the continuous commercial space supply spread over four corridors: Florida has 17.6%, Córdoba 15.20%, Santa Fe (Callao) 16% and Cabildo 13.6%. Florida remains the corridor with the largest available area (9,759 m²) and the largest number of premises for rent.
Another indicator of the crisis in this sector is the turnover rate of companies that is, the percentage of stores in the inventory that should have changed status (occupied, rented, sold or closed) since the last measurement. In this case, the indicator scored 3.69%, registering an increase of 0.84 point compared to the last measurement, which is an increase of 0.42 percentage point compared to last year.
The Santa Fe (Callao) and Córdoba corridors obtained the highest turnover with an average rate of 8.24%, followed by Pueyrredón, Florida and Cabildo, which varies from 4.3 to 5%. The rest of the corridors were more consolidated, with turnover rates below 3.5%.
But the most eloquent variable which reflects the situation of commercial goods it was the sharp drop in rental prices. The average retail market target price was USD 25.04 per square meter, but considering only the corridors historically analyzed, it is on average US $ 26.62 / m². In the latter, there is a decrease in values compared to the previous year (US $ 43.22 / m²), by 62.35%, which consolidates the downward trend presented since 2018.
In terms of rental prices, the real estate segment presents a wide range from US $ 10.79 / m² to US $ 33.4 / m². These latter prices belong to the brokers Liniers and Florida. These are the areas that reflect the two extremes of the ranking.
The situation, he says, is more dire on the inside. In Mar del Plata the merchants have raised their voices during a season they consider to be one of the weakest. And in places like San Juan, events such as the tribute to the Difunta Correa in the Paraje Vallecito, only opened 25% of the premises. The others said they didn’t have the money to pay their debts and buy goods.
Regarding the closures of premises, Chubut, Cordoba and Neuquén these are the provinces most affected.
.
[ad_2]
Source link
