Rieker
Moscow's street retail moves to dormitory areas
03.07.2014 4711

Moscow's street retail moves to dormitory areas

Street retail in Moscow is moving from the center to the sleeping areas of the city, experts at NAI Becar noted. Both large network operators and private owners of medium and small businesses prefer to place their stores outside the Central Administrative District.

The premises of the street retail format are by far the most popular type of commercial real estate, although rental rates for them are steadily growing. The volume of supply of premises of this format is increasing mainly as a result of their construction in new residential complexes and microdistricts in Moscow. Compared to the city center, here street retail has a higher profitability.

Large network operators prefer “street-format” premises located outside the central Moscow district, since the main customer flow of such retailers is made up of residents of residential areas.

Investors are also interested in street retail on the outskirts of the capital. This is due to the fact that there the premises are much cheaper than similar ones in the center of the capital. In addition, acquiring space at the construction stage, investors may not be afraid of downtime. Typically, such areas initially already have potential tenants, or with competent promotion of tenants can be found very quickly.

The cost of renting street retail format real estate in residential areas depends on the purchasing power of residents of the district, location of the premises, the presence of shop windows, ceiling heights, the ability to organize outdoor advertising. On average, rental rates range from 300 $ to 1500 $ per square meter.

Street retail in Moscow is moving from the center to the sleeping areas of the city, experts at NAI Becar noted.
5
1
Rating

Latest News

Salvatore Ferragamo once again demonstrates the F-shaped heel

Salvatore Ferragamo's 2021 F-heel follows the curved heel of the original once created by the brand's founding father. The unique shape of the heel creates the impression that the wearer's foot is flying through the air.
05.03.2021 187

Turkish shoe exhibition Eksposhoes Antalya will be held from 18 to 20 May

Despite the pandemic and the associated restrictions on international travel, Turkey's borders remain open to guests from Russia, and the Eksposhoes Antalya shoe exhibition is once again ready to host Russian buyers.
05.03.2021 827

Lacoste has released a new model of unisex sneakers in retro style

French sportswear brand Lacoste's Match Break sneaker is a combination of an archival silhouette and state-of-the-art technology. The design of the retro sneaker combines clean lines with a calm color scheme.
03.03.2021 225

Rendez-Vous introduces its new spring / summer 2021 footwear collection

In the current collection of the Rendez-Vous chain of footwear and accessories stores, shoes from such brands as Kenzo, Vagabond, MM6, Giovanni Fabiani, Marc Jacobs, Converse, Dr. Martens, See by Chloe, Nike, Nando Muzi, Guess, Loriblu, ...
03.03.2021 228

Rieker sells 24 pairs a year. Shoes Report's Youtube channel published an interview with Riker Vostok CEO Shahin Asadov

Despite the pandemic, German footwear brand Rieker is celebrating a good year and expects sales to rise in the coming season.
03.03.2021 1105
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning