In Moscow vacancy of the areas in the central shopping streets has increased
25.01.2019 1509

In Moscow vacancy of the areas in the central shopping streets has increased

According to Colliers, vacancy in the central streets of Moscow increased in the fourth quarter of 2018 to 5,7%, from 4,8% in the second and third quarter of the year.

According to analysts, this may be due to its sharp decline in the middle of last year due to the holding of the World Cup 2018 in the capital. So at the beginning of 2018, the vacancy rate was equal to 7%.

The number of free retail street space also increased on pedestrian streets, by the end of the year it reached 4,2% from 2,9% in the third quarter. On the Boulevard Ring, vacancy increased from 5,7% to 7%, on Sadovoy - from 6,8% to 7,5%.

In addition, last year, about 14% of the premises in street retail were replaced by tenants. At the same time, rental rates rose by 15-20%. Clothing and footwear stores occupy about 10% of the street retail area within the Garden Ring.

According to Colliers, the vacancy rate in the central streets of Moscow increased to 2018% in the fourth quarter of 5,7, from 4,8% in the second and third quarters of the year. According to analysts, this could be ...
5
1
Rating

Latest News

Fendi and Burberry will close boutiques in Russia

In August 2024, Fendi (part of the LVMH group) will close its last boutique in the Moscow TSUM, and Burberry in GUM, writes Kommersant, citing data from the reports of the Russian subsidiaries of these...
15.07.2024 168

Brunello Cucinelli reported sales growth of 14,1% in the first half of 2024

Italian luxury brand Brunello Cucinelli reported preliminary results for the first half of 2024, with revenue of 620,7 million euros. Sales increased by 14,1% at current exchange rates and by 14,7% excluding...
12.07.2024 571

On the most fashionable street in St. Petersburg, street retail rent increased by 1,5 times

Bolshoi Avenue of the Petrograd Side has been the main Fashion thoroughfare of the Northern capital for many years. Over the past year and a half on this street, according to the consulting company NF Group, the share of vacant space has decreased by 5 percentage points and...
12.07.2024 732

Jacquemus and Nike presented a new collaboration for the Olympics in Paris

An updated Nike Air Max 1 sneaker, a new version of the Swoosh and a capsule collection of sportswear are the result of the latest collaboration between French brand Jacquemus and American sports giant Nike. Collection…
11.07.2024 625

Shoes of the season - luxury flip-flops

Flip flops are back. Or rather, they have already returned to fashion this summer, although now they are not just rubber shoes. The trend for chic and comfort dictates its own rules. Now flip flops and other types of flip-flops must be made of natural...
10.07.2024 669
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning