As noted in a study by the consulting company RRG, the decline occurred in all types of facilities. According to analysts, this may be due to the overvaluation of street retail premises in the center compared to the objects on the periphery of the center, since the annual rate growth for the first was 28%, and for the second only 7%.
According to the survey, the average rental rate for shopping facilities outside the Garden Ring for the second quarter increased minimally and amounted to $ 886 dollars per square meter per year (excluding VAT and operating costs).
According to RRG, in the city as a whole, the supply of street retail facilities in April-June decreased by 19% in number and by 25% in total area (over the year, the decrease in these indicators was 28% and 34%, respectively). In total, in the second quarter, 228 facilities with an area of 63 of thousands of square meters were offered for rent (38 premises were exhibited in the center).
Experts at EliteCenter previously noted that the most sought-after in the street retail segment are rooms on Arbat, Kuznetskiy Most, Bolshaya Dmitrovka, Leningradsky Prospekt and Mira Avenue. According to the company, rental rates for street retail facilities in Moscow are $ 700-4000 per square meter per year. This writes fashionunited.ru.