Escada Boutique on Staro-Nevsky Prospekt St. Petersburg, photo: Kommersant
In St. Petersburg, the number of store closures in the fashion segment exceeded the number of openings
In St. Petersburg, in the first quarter of 2017, in the fashion retail segment (clothing, footwear and accessories stores), the share of closed stores (22%) significantly exceeded the corresponding share of retail openings (9%), experts of the real estate consulting company JLL note. The significant events were the opening of the Escada boutique and the announcement of the imminent appearance of the Dior boutique on Staro-Nevsky Prospekt.
In the first quarter, on the streets with a pronounced specialization - orientation in retail to the fashion segment, Staro-Nevsky Prospekt and Rubinstein Street, there was high competition from retailers for quality sites, which led to an increase in the maximum rental margin by 10-15%.
In trade corridors with less pronounced specialization - on the 6-7 lines of Vasilyevsky Island, and in such secondary corridors as Engels Avenue and Leninsky the offer of premises is wider. Here, the upper limit of the range of rental rates, on the contrary, decreased by about 10%, the report says JLL.
In general, according to JLL, in January-March of 2017, the share of vacant premises on the main shopping streets of St. Petersburg decreased by 0,4 percentage points. and amounted to 6,3%, which is the lowest value since the end of 2014 of the year. The most significant decrease in the indicator is noted on Kamennoostrovsky Avenue - from 6,3% to 2,8%.
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