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In St. Petersburg there is a shortage of quality retail space Gallery shopping mall in St. Petersburg
10.10.2018 2522

In St. Petersburg there is a shortage of quality retail space

According to Colliers International, over the three quarters of 2018, the volume of new leased space in the classic shopping centers of St. Petersburg decreased by 30% compared to the same period last year. One of the reasons is the shortage of retail space that meets the needs of large retailers in shopping centers in the Northern capital.

By the end of 2018, a vacancy in high-quality shopping centers in the Northern capital can reach a minimum 3%, analysts predict.

According to the results of the first nine months of this year, the increase in quality space in the classic shopping centers of St. Petersburg remained at zero level, the vacancy in the city's shopping center continues to decline in stages: the quarterly decrease amounted to 0,5 percentage points.

The most active retailers in terms of the volume of new rented space in high-quality shopping centers are fashion operators (47%), entertainment companies (25%) and goods for children (7%). Notable events in the third quarter were the announcement of the return to the Russian market of the French cosmetics and perfumery chain Sephora and plans to develop the chain of brand stores of the Chinese manufacturer of household appliances and electronics Haier on the Russian market. By the end of the year, a Sephora store is to open in St. Petersburg in the Galereya shopping mall, and a Haier store in the Raduga shopping center.

According to Colliers International, over the three quarters of 2018 the volume of new leased space in classic shopping centers of St. Petersburg decreased by 30% compared to the same indicator ...
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