Organised retail supply space in Qatar totalled 1.93mn sq m gross leasable area (GLA) as of first quarter, researcher ValuStrat said in a report.
Some 202,000 sq m GLA of organised retail space is in the pipeline for 2021, ValuStrat said in its ‘Qatar Real Estate Market 1st Quarter 2021 Review’.
These include Boulevard Mall in Jeryan Jenaihat, 04 Mall in The Pearl and Doha Mall in Al Maamoura.
With the continuation of the pandemic and restrictions on social mobility, challenges associated with oversupply continue to exacerbate occupancy and rents in organised and unorganised retail outlets, ValuStrat noted.
The median monthly asking rent in shopping centres remains unchanged QoQ, but fell by 4.3% YoY.
The median monthly asking rent among street retail inside Doha was QR165 per sq m, declining by 3% QoQ and 8% YoY.
The median asking rent among street retail units outside Doha was QR155 per sq m, falling by 6% QoQ and 9% YoY, ValuStrat said.
Faster absorption of listings of street retail was seen in areas of Ain Khaled, Abu Hamour and Old Airport compared to Lusail, Fereej Bin Mahmoud and shops along Salwa Road, which experienced an increase in vacant spaces available for rent.
According to ValuStrat, new regional and international food and beverage and fashion brands opened stores in the Mall of Qatar including Maia lounge, Mestooran restaurant, Kaldi Cafe and Bianca Nera.
Al Meera (58th branch) and Daiso Japan (7th branch) opened their stores in Al Asmakh Mall and Mirqab Mall respectively, both spread over an area of 1,000sq m, ValuStrat noted.
Some 202,000 sq m GLA of organised retail space is in the pipeline for 2021, ValuStrat said in its ‘Qatar Real Estate Market 1st Quarter 2021 Review’.
These include Boulevard Mall in Jeryan Jenaihat, 04 Mall in The Pearl and Doha Mall in Al Maamoura.
With the continuation of the pandemic and restrictions on social mobility, challenges associated with oversupply continue to exacerbate occupancy and rents in organised and unorganised retail outlets, ValuStrat noted.
The median monthly asking rent in shopping centres remains unchanged QoQ, but fell by 4.3% YoY.
The median monthly asking rent among street retail inside Doha was QR165 per sq m, declining by 3% QoQ and 8% YoY.
The median asking rent among street retail units outside Doha was QR155 per sq m, falling by 6% QoQ and 9% YoY, ValuStrat said.
Faster absorption of listings of street retail was seen in areas of Ain Khaled, Abu Hamour and Old Airport compared to Lusail, Fereej Bin Mahmoud and shops along Salwa Road, which experienced an increase in vacant spaces available for rent.
According to ValuStrat, new regional and international food and beverage and fashion brands opened stores in the Mall of Qatar including Maia lounge, Mestooran restaurant, Kaldi Cafe and Bianca Nera.
Al Meera (58th branch) and Daiso Japan (7th branch) opened their stores in Al Asmakh Mall and Mirqab Mall respectively, both spread over an area of 1,000sq m, ValuStrat noted.
