The brokerage company Jones Lang LaSalle conducted a study of the street retail market on the main avenues of Moscow.
The highest rental rates among the studied highways were registered on Kutuzovsky Prospekt - they reach $ 3,7 thousand per sq. m per year, the lowest - on Leningradsky Prospekt (from $ 1,5 thousand per sq. m per year).
Today, the share of free space on the avenues is on average 5%. At the same time, the largest number of vacant premises is observed on Prospekt Mira - 6%, while on Kutuzovsky, Leningrad and Komsomolsky Avenues this figure does not exceed 1%.
Svetlana Yarova, head of street retail at Jones Lang LaSalle, notes that no significant fluctuations in the level of vacancies and rental rates on highways are expected in the near future. “An increase in rates of 5-7% is possible for premises located in the areas of attraction of metro stations. In the future, lessees and investors will be in demand for facilities near the metro, generating the highest pedestrian flow, and at the beginning of highways. It is worth noting that shopping areas near the metro are traditionally considered the least risky on the street retail investment market, ”adds Svetlana Yarova.
At the same time, according to experts of Jones Lang LaSalle, Leninsky, Komsomolsky and Kutuzovsky Avenues have the highest potential in terms of the development of street retail.