In St. Petersburg, rental rates may return
29.04.2016 3860

In St. Petersburg, rental rates may return

The highest-quality shopping centers in St. Petersburg, which remain the “entry points” for brands to the market or are of interest for further development, feel increased demand from tenants. According to the forecasts of Colliers International experts, by the end of the 2016 year in such shopping centers rental rates will return to the ruble pre-crisis equivalent.

Currently, the retail real estate market of St. Petersburg is experiencing the second recession in the launch of new projects since 2009. For the I quarter of 2016, the volume of space in high-quality shopping centers has not changed and is currently 2,69 million square meters. m   

The lack of new projects, the decline in retail sales and the negative dynamics of purchasing power have become incentives for increasing rotation in high-quality shopping centers. Currently, rotation in such projects varies from 10 to 25% and occurs both due to the closure of stores and the arrival of new tenants, as well as due to the change of premises by operators within the same shopping center.

Striving to be closer to the buyer, retailers optimize their presence in shopping centers, giving preference to the highest quality projects and areas with the highest traffic.

The highest quality shopping centers in St. Petersburg, which remain the “entry points” for brands to enter the market or are of interest for further development, feel increased demand from the ...

Latest News

Golden Goose acquires its main sneaker supplier

On Wednesday, Golden Goose, known for its Superstar sneakers, announced the acquisition of Italian Fashion Team, the main supplier and manufacturer of luxury sneaker brand Golden Goose. The amount of the deal was not disclosed...
06.10.2022 119

Kari adds new product categories to the range of family hypermarkets

Russian shoe retailer Kari continues to experiment with retail formats and assortment. This summer, the three well-established formats of Kari shoe retail - Kari shoe stores, Kari Kids for children and Kari Hyper hypermarkets - ...
06.10.2022 122

Bikkembergs released a collection of his own hits from 1990 and 2000.

Antwerp-born fashion brand Bikkembergs has launched an archival project, a collection of fifty-three items from the past. “These are things that don’t need to be updated to make people like them, they just need to be redone…
05.10.2022 144

JamilCo to add three Turkish brands to its portfolio

JamilCo, one of the largest Russian distributors in the fashion segment, whose portfolio includes such brands as Timberland, New Balance, DKNY, Escada and others, is going to introduce three new Turkish brands to the Russian market –…
05.10.2022 332

New Balance and Aimé Leon Dore launch 650R in new colorways

New Balance's iconic collaboration with young New York-based streetwear menswear brand Aimé Leon Dore continues. Brands have decided to release the classic silhouette of the 650R sneaker in new colorways.
04.10.2022 297
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning