Soho
Capital streets are street retail leaders
25.05.2016 4111

Capital streets are street retail leaders

Arbat took the 1st place in terms of occupancy of street retail premises in Moscow, and Tverskaya and Myasnitskaya streets were also leaders.

According to experts from JLL, according to the results of the 1st quarter of 2016, Arbat Street topped the rating of the most populated main shopping corridors of the capital: the vacancy rate on it decreased by 2,3 percentage points in the first three months of the year. - up to 6,3%. The top 3 streets filled with tenants also include Tverskaya and Myasnitskaya with the vacancy rate of 6,5% and 6,8%, respectively.

The reduction in the vacancy rate also occurred on the streets of Novy Arbat (up to 10,3%), 1st Tverskaya-Yamskaya (up to 11%), Patriarch's Ponds (11,1%), while, for example, on Nikolskaya the growth rate was recorded -28%. As a result of multidirectional dynamics, the vacancy rate in the market average remained at the level of the previous quarter and amounted to 12,5%. According to JLL experts, the areas on the main shopping streets in Moscow will continue to fill up in the 2nd quarter under the influence of restaurateurs, which will lead to a decrease in the vacancy rate in the market as a whole.

Today, cafes and restaurants dominate the market of the main trading corridors in Moscow: they occupy 31% of the structure of street retail tenants. In second place in terms of the number of open street retail facilities are banks and service companies (2%), which prevail on 17st Tverskaya-Yamskaya Street and the Garden Ring. Fashion retailers take 1rd place with a share of 3%. The greatest representation of clothing, footwear and accessories stores was recorded in Stoleshnikov Lane, on Nikolskaya and Petrovka Streets.

New brands are also attracting shopping corridors, so the Rolex store appeared in Theater Passage and the Charlotte Olympia luxury shoe store in Dmitrovsky Lane.

“The look of the center of Moscow has changed dramatically lately. Along with the expansion of pedestrian areas and their transformation, more and more retailers are considering opening flagship boutiques in street retail. The main trading corridors of Moscow attract foreign players, as soon as they enter Russia, as well as those already present in the country, for whom the central location is a confirmation of their status and market positions. The opening of the store in street retail, especially the flagship one, in addition to the obvious consumer audience, guarantees brand recognition among city residents and guests of the capital, ”commented Julia Nazarova, head of the street retail department at JLL in Moscow. “In addition to this, street retail premises are becoming more accessible: landlords are ready to discuss the rate as a percentage of the turnover for fashion operators, as well as fix it in rubles for long-term leases.”

Average rates for exhibiting premises * in the main trading corridors of Moscow

in the 1st quarter of 2016

Shopping corridor

The average rate of rubles / sq. m / year



Stoleshnikov per.

215 000


Petrovka

160 000


Nikolskaya

150 000


Kuznetsk Bridge

130 000


Patriarch's Ponds

130 000


Arbat

115 000


New Arbat

95 000


Pyatnitskaya

90 000


Tverskaya

90 000


Butcher

85 000


B. Dmitrovka

85 000


Garden Ring road

75 000


1st Tverskaya-Yamskaya

60 000



* Rates of exposition of premises with an area of ​​100-300 sq. m, with a separate entrance and a showcase, located on the ground floor. In the case of multi-level premises or premises of a larger area, the rate is subject to correction. Source: JLL

JLL (NYSE: JLL) is a company providing financial and comprehensive professional services in the field of real estate. Around the world, company experts offer integrated services to owners, tenants and investors seeking to maximize their profits on their real estate assets. JLL is one of the largest Fortune 500 companies in the world; The annual turnover of the company is 6,0 billion US dollars, net of direct expenses - 5,2 billion US dollars. JLL has more than 280 corporate offices in 80 countries around the world, the company has more than 60 thousand employees.

     Arbat took the 1st place in terms of occupancy of premises in street retail in Moscow, also in the leaders - Tverskaya and Myasnitskaya ...
3.3
5
1
1
Rating

Latest News

Pantone names 2023 color of the year

The Color of the Year 2023 is “powerful, fearless, inspiring” as Pantone 18-1750 Viva Magenta Carmine Red is described. Its other name is “new vibrating ...
03.12.2022 152

Fila collaborates with Haider Ackermann

South Korean company, manufacturer and supplier of sportswear Fila has released a collaboration with French designer of Colombian origin Haider Ackermann. The capsule includes men's and women's clothing (colorful leggings,…
02.12.2022 265

Pakistan ramps up shoe exports

Footwear exports from Pakistan increased by 2022% between July and October 82, a year-on-year growth of 31%, while leather exports increased slightly, according to the Pakistan Bureau of Statistics (PBS)…
02.12.2022 266

On Black Friday, Wildberries sold goods for 106 billion rubles.

The Black Friday promotion was held on Wildberries from November 18 to November 28, 2022. The sale aroused high interest among buyers and surpassed last year's figures. In total, the participants of the action ordered goods for a total amount of about 106,4 billion rubles, which is almost…
01.12.2022 324

Ralf Ringer is challenging in court the demand of the Federal Tax Service for additional taxes and penalties for 1,5 billion rubles.

As we wrote earlier, the federal tax authorities want to recover about 1,5 billion rubles in tax fees, fines and penalties from the Russian shoe company Ralf Ringer. Shoe manufacturer and retailer is trying to challenge the actions of the tax authorities through…
30.11.2022 368
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning