In June, the share of vacant areas in the street retail segment continued to increase and amounted to about 7% on the most popular shopping corridors in Moscow.
Nevertheless, rental rates are not decreasing, while the terms of the exposition of premises have increased: some rooms with the optimal set of characteristics and the most favorable location are exhibited for the second month in a row.
The situation in street retail is complicated by the growth of a new high-quality offer in the segment of shopping centers. Moreover, some new foreign brands, preparing to enter the market, prefer to rent it in shopping centers.
In addition, in June in Moscow, the Vegas Crocus City shopping and entertainment center was opened. The object entered the market with a shopping gallery filled with 90%, it is planned to achieve full occupancy by the end of the year.