Fashion leaves the streets
Demand for quality premises as part of Moscow's shopping streets remains at a consistently high level. The level of vacant space in the capital during the first half of the year remained within 3-4%, summed up the development of the Moscow street retail market in the first half of 2012, Magazin Magazin Magazinov
The structure of requests for street retail premises in the first half of 2012 was dominated by banking organizations (30%), retail chains and catering facilities (24%), enterprises providing services to the population (14%), clothing and footwear stores (10%) . In the segment of services, the main demand for street retail premises was formed by beauty salons and medical centers.
Compared with previous periods, in the first half of 2012, the structure of demand for street retail format premises changed slightly. The main trend since the beginning of 2012 was a decrease in the share of requests for premises from clothing and shoe stores, catering (by 45%) and an increase in demand from banks (by 30%) and enterprises providing services to the population (by 40%).
During the first half of 2012, the level of average rental rates for street retail premises did not change significantly.
Currently, rental rates vary depending on the location of the premises. For example, the average level of rental rates for premises with an area of 150-200 sq.m on Prospekt Mira, Pokrovka, Butcher Street. ranges from $ 1 500 to $ 2 000 per 1 sq. m per year; on Leninsky and Kutuzovsky Avenues, Bolshaya Dorogomilovskaya Str., Novy and Stary Arbat - from $ 2 000 to $ 3 000 per 1 sq. m per year; on Petrovka - from $ 3 500 to $ 4 500 per 1 sq.m per year; in Stoleshnikov Lane - from $ 4 000 to 6 000 per 1 sq. m per year (all the given values excluding VAT).
Given the current level and structure of demand for street retail format premises located in the main trading corridors of Moscow, Magazin Magazinov experts predict a slight increase in the average rental rates in this segment of the retail real estate market, retailer.ru reports.
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