Vacancy in street retail in St. Petersburg has decreased significantly
26.09.2023 3151

Vacancy in street retail in St. Petersburg has decreased significantly

According to Nikoliers, the vacancy rate in street retail in the five main shopping corridors of St. Petersburg continues to decline: by the end of September 2023 it averaged 4,4%, which is 0,5 percentage points lower than the previous quarter. This is the minimum vacancy rate since the beginning of 2019, when the share of vacant premises in street retail on the central streets of the Northern capital was 5,6%. 

A decrease in vacancy from July to September 2023 was observed on almost all major retail corridors: on Bolshaya Konyushennaya Street - up to 2,9%, on Nevsky Prospect - up to 3,8%, on Staro-Nevsky Prospect - up to 5,7%. A slight increase in the vacancy rate - by 0,8 percentage points, to 4,3% - was recorded on Bolshoi Avenue P.S.

Thanks to the stabilization of the situation in the retail market, the level of rotation of tenants of premises on the main retail corridors amounted to 10,2% since the beginning of the year and 2,4% over the past quarter. In total, in the first nine months of 2023, there were 71 openings on five city streets, compared with 100 in the same period last year. Only 62 establishments closed this year, compared with 77 closures the year before. Rubinshteina Street became the only corridor where closures occurred more often than openings - 13 new points versus 12 gone.

 

According to Nikoliers, the vacancy rate in street retail on the five main shopping corridors of St. Petersburg continues to decline: by the end of September 2023 it averaged...
5
1
Rating

Latest News

Garden and vegetable garden footwear released in collaboration with Salomon and Uchi Ryunosuke

Salomon collaborated with Tokyo-based designer Uchida "Uchi" Ryunosuke to create the perfect footwear for the garden. Uchi reimagined the Salomon RX Slide recovery shoe, creating a new design inspired by meditative…
10.06.2026 811

The PETER KAISER collection will include men's shoes.

German brand PETER KAISER will debut a line of premium men's footwear for the Spring/Summer 2027 season. A private preview of the men's collection took place at the HOUSE OF CAPRICE headquarters in Germany, attended by the brand's partners from around the world. Men's and…
09.06.2026 461

Christian Louboutin's first advertising campaign featuring Jaden Smith has been released.

What happens when you marry the Old and New Worlds, Paris and New York, classics and hip-hop, tradition and modernity, is well illustrated by the first advertising campaign of the French luxury brand Christian Louboutin with the American rap artist Jaden...
09.06.2026 417

Expo Riva Schuh & Gardabags reflects the transformation trends of the global footwear market

The 105th Expo Riva Schuh & Gardabags exhibition will take place from June 13 to 16 in Riva del Garda, Italy. The exhibition's organizers are documenting changes in the global structure of footwear production and trade, which can be traced to…
09.06.2026 460

Saucony and Engineered Garments have released a new hybrid shoe collaboration.

Two American brands, Saucony and Engineered Garments, have unveiled a new hybrid model, combining the silhouette of the Saucony Shadow Original sneaker with the design of classic…
08.06.2026 794
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning