Moscow's street retail moves to dormitory areas
03.07.2014 5773

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.

Latest News

Lamoda cancels the fee for goods acceptance and increases the shelf life

Online retailer Lamoda, specializing in the sale of Fashion category goods, announces changes in work with partners who work with the marketplace using the FBO (Fulfilment by operator) model, that is, with those who store…
13.06.2024 140

Hey Dude x Lee collaboration released

Crocs Inc-owned moccasin brand Hey Dude has released a collaboration with denim brand Lee. A small capsule collection dedicated to summer and beach holidays, consisting of seven items, including men's, women's and unisex clothing, accessories and…
11.06.2024 262

The collaboration between Ecco and Natasha Ramsay-Levi was presented by Julia and Anna Peresild

Danish footwear brand Ecco continues its collaboration with designer Natasha Ramsay-Levi, former creative director of Chloé. A new limited collection of shoes from a sensational collaboration in Russia was presented by Yulia Peresild and her daughter...
11.06.2024 318

Swiss sportswear and footwear brand ON has chosen Zendaya as its ambassador

27-year-old American actress and singer Zendaya became the ambassador of the sportswear and footwear brand On, founded in Zurich in 2010 by Olivier Bernhard, David Alleman and Caspar Coppetti. Such a partnership is an application of a young...
10.06.2024 379

MICAM switches to a three-day format

Italy's leading international exhibition of footwear and accessories MICAM returns to a three-day format, the next event will be held from September 15 to 17, and not to September 18 as previously announced. The venue is the same - Milan...
10.06.2024 378
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning