In St. Petersburg, rental rates in dollars on the street retail market were recorded. According to the results of the 2014 year, this indicator decreased by 40-60%, to 1,3-2,2 thousand dollars per square meter.
Analysts explain this decline by weakening of the ruble against foreign currencies by the end of the 2014 year. As a result, this led to intensified negotiations between tenants and owners, including cases where contracts were concluded in foreign currency.
At the same time, the dynamics of growth of rates in rubles on the mass market was recorded. The indicator reached growth at the level of 5-15%.