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Street retail rental rates may increase by 25%
11.01.2011 1772

Street retail rental rates may increase by 25%

The situation on the retail real estate market in Moscow at the end of 2010 can be described as dynamically changing, reports arendator.ru. store owners are more interested in street retail retail space. This format received a new impetus for development thanks to the decision of the Moscow mayor to suspend the construction of large retail facilities in the center of Moscow. Given that street retail has proven its viability in 2008-2009. during an economic downturn, an even greater increase in demand can be predicted. This does not simply mean a return to the pre-crisis level of rental rates, as happened in 2010, Astera Moscow analysts in an alliance with BNP Paribas Real forecast a rental rate increase of at least 22-25% on the most popular shopping streets. Rental rates for the most sought after premises have increased by more than 2010% since the beginning of the 25 year, and by more than 20% for liquid rooms located in places with moderate traffic or away from the metro.

The situation on the retail real estate market in Moscow at the end of 2010 can be described as dynamically changing, according to arendator.ru. shop owners are showing more interest in shopping ...
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