Since April 2022, 108 new outlets have opened in the center of St. Petersburg
Over the past 12 months, the vacancy on the five main shopping corridors of St. Petersburg has almost halved - from 10,2% in the first quarter of 2022 to 5,6% in the first quarter of 2023, Nikoliers analysts calculated. The number of openings exceeded the number of closures, and there was only one free space left on Rubinshteina Street.
From April 2022 to March 2023, 108 new retail outlets were opened on five shopping thoroughfares of St. Petersburg (Nevsky and Staro-Nevsky prospects, B. Konyushennaya street, Rubinshteina street, Bolshoy Prospekt P.S.), including 30 clothing stores and 46 catering establishments. This is less than in 2021 (then there were 126 openings), however, the number of closures over the past 12 months has also decreased: 93 closures instead of 115 in 2021.
The main part of the new openings of clothing and footwear stores are Russian brands, in particular, Gloria Jeans, Ekonika, GRIOL, 2MOOD, Pompa, Kangaroo. In addition, over the three months of 2023, two new Russian brands that were not previously represented in the city appeared on the main shopping streets: Oxouno (instead of B&C for junior) and NN2sisters, and the number of temporarily closed stores was reduced to seven: Prada and Zara signs were not removed yet , Brunello Cucinelli, Dior/Bvlgari, Louis Vuitton, Fendi, Chanel.
According to Nikoliers, by the end of the first quarter, the share of vacant premises in key shopping corridors showed a decrease from 10,2% in the first quarter of 2022 to 5,6%. The minimum vacancy rate was on Rubinshteina Street (1,3%): there was only one empty building left, where the RS 20 restaurant was previously located.
Over the past 12 months, the vacancy on the five main shopping corridors of St. Petersburg has almost halved - from 10,2% in the first quarter of 2022 to 5,6% in the first quarter of 2023,…
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