In Moscow, a record number of empty retail space
18.05.2015 4428

In Moscow, a record number of empty retail space

In the first quarter of 2015, the level of vacant space in the capital's shopping centers amounted to 5,6%, which is the highest figure since 2010, according to the report of the consulting company NAI Becar. For comparison, in 2014 this indicator averaged 4,8%, and before that for a long time did not exceed 3%. NAI Becar took into account only areas for which, according to the owners of the shopping center, a lease agreement has not yet been concluded. If you look at the real number of closed stores, the picture is even worse: as noted by Yulia Sitnikova, an analyst of the research and consulting department of the Magazin Magazin company, the share of really closed space in the capital's shopping centers has grown compared to the end of 2014 and is at a record for the market a high 11% (as of April 2015).

“560 thousand sq. m of leasable space, in fact, are closed - this is more than two completely empty Aviaparks (one of the largest shopping malls in Europe, opened in Moscow in 2015). We began to record the growth of the indicator at the end of last year - then from 2,5% (end of 2013) it grew immediately to 8,5%, ”Sitnikova said. As she clarified, in the objects opened since 2014, the share of vacant space is 50%.

The trend is associated with a decrease in the number of buyers - buyers have become less likely to visit large shopping centers with an area of ​​40 thousand sq. M. Or more. The attendance of such objects has decreased, according to Nai Becar, by 5-12%.

In the first quarter of 2015, the level of vacant space in the capital's shopping centers amounted to 5,6%, which is the highest figure since 2010, according to the report of the NAI consulting company ...
5
1
Rating

Latest News

Ralf Ringer opened an outlet in his own factory building.

Russian footwear brand Ralf Ringer announces the opening of a new flagship outlet in Moscow. This unique 500-square-meter space, located within its own factory, is located at 18 Otkrytoye Shosse, Bldg.…
14.11.2025 406

Sportmaster Group has closed its Urban Vibes retail project.

Sportmaster Group has closed its Urban Vibes retail project, which launched in 2020. All 17 stores of the multi-brand sportswear chain and the Urban Vibes online store have ceased operations. Experts believe the retail chain is not…
14.11.2025 418

Geox's revenue fell 6,2% in the first nine months to €492,8 million.

Geox's revenue for the first nine months of 2025 was €492,8 million, down 6,2% from the same period in 2024. Excluding the closure of subsidiaries in China and the US, the decline was…
14.11.2025 406

The first Casa Loewe boutique opened in Paris.

Spanish luxury brand Loewe has opened its first boutique, Casa Loewe, in France on Avenue Montaigne, Paris's most prestigious shopping street.
13.11.2025 519

Golden Goose is being acquired by Chinese company HSC – HongShan Capital for 2,5 billion euros.

Negotiations that could lead to the transfer of luxury sneaker brand Golden Goose from its current controlling shareholder, British fund Permira, to Chinese fund HSC – HongShan Capital are nearing completion, writes…
12.11.2025 959
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning