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The activity of retailers has led to a reduction in the share of free space in shopping centers in St. Petersburg
11.07.2017 2913

The activity of retailers has led to a reduction in the share of free space in shopping centers in St. Petersburg

By the end of this year, the vacancy rate in the shopping center may reach 5%, which is the lowest indicator in the last four years, ”say experts at Colliers International, an international consulting company.

In the first half of the 2017 of the year, 160 of new stores, cafes and restaurants were opened in St. Petersburg shopping centers, which is 1,4 times more than in the same period last year. The most active is still the fashion segment, which accounted for 39% of all openings in St. Petersburg shopping centers.

Retailers opened new stores and increased their footprint, while new facilities did not appear. The growing activity of retail operators has led to a reduction in free space in shopping centers: the vacancy rate has decreased by 2 pp since the middle of last year and amounted to 6%. In the shopping centers most in demand among tenants, such as Gallery, MEGA Dybenko and Parnas, SUMMER, Nevsky Center, etc., the vacancy rate reached 1%. Shopping centers "Peterland", "June" and "Continent" on Zvezdnaya over the past six months have significantly improved their occupancy rate.

“Retailers, who resumed their development last year, have moved on to more active expansion. At the current pace of development of operators, the vacancy rate in the shopping centers of St. Petersburg may reach its minimum value over the past four years - 5% by the end of 2017, ” - says Anna Nikandrova, partner at Colliers International Russia.

Three new brands have appeared on the fashion market of St. Petersburg. The opening of Barbour fashion stores, Converse sneakers and shoes and accessories at average Shoiberg prices took place.

The fashion segment remains the most active; it accounted for 39% of all openings in St. Petersburg shopping centers. Over the past six months, new stores were opened and occupied by such operators as Love Republic, Gloria Jeans, Zenden, Koton, New Yorker, Sinsay and others. At the same time, in the fashion segment, the trend of the predominance of Russian operators in the total number of openings remains: 66% new stores had to Russian retailers.

The dynamics of the vacancy rate in the shopping center of St. Petersburg at the end of the first half of 2017,%



Source: Colliers International



The structure of discoveries in the shopping center, I half of 2017



Source: Colliers International


Colliers International Group Inc. (NASDAQ and TSX: CIGI) is a global leader in commercial real estate. The company has more than 16 000 professionals working in 554 offices in 66 countries around the world. Colliers International specialists provide a full range of professional consulting and agent services to tenants, commercial property owners and investors around the world. Services include brokerage, global solutions for corporate clients, investment sales and capital markets, project management and effective workspace planning, real estate and asset management, consulting, valuation, as well as individual research for clients and specialized market research.

Colliers International’s activities in Russia began in the 1994 year; today more than 250 employees work in the company’s offices in Moscow and St. Petersburg. The company is a leader in all segments of the Russian commercial real estate market. In 2013, Colliers International's portfolio of projects in Moscow and the regions amounted to about 2,5 million square meters. m


By the end of this year, the vacancy rate in the shopping center may reach 5%, which is the lowest indicator in the last four years, - experts of the international consulting company say ...
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