In St. Petersburg, rental rates may return
29.04.2016 4214

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 ...
5
1
Rating

Latest News

Brunello Cucinelli increased revenue in the first quarter by 16,5%

With LVMH recently reporting a 2024% drop in revenue for the first quarter of 2 due to overall stagnation in the luxury market, Italian fashion house Brunello Cucinelli has bucked the trend. IN…
18.04.2024 108

Lamoda launches its own clothing and footwear brand

Russian online retailer Lamoda presented the first collection of its own women's clothing brand NUME. Exclusively on the Lamoda online platform under the NUME brand, about 90 items for women’s wardrobe are offered -…
18.04.2024 140

Shoe and clothing brands have released special collections for the 20th anniversary of the ST-JAMES boutique

The multi-brand boutique ST-JAMES, managed by a major player in the Russian fashion market, the Jamilco company, celebrates its 20th anniversary this year. A number of shoe and clothing brands represented in the boutique have prepared special…
18.04.2024 154

Balenciaga has released a new release of oversized 10XL sneakers

Fashion house Balenciaga debuted the 10XL sneaker during its fall 2024 runway show in Los Angeles back in December. At the time of the show, the first two color schemes of the new model were available for pre-order, which deliberately surprised...
17.04.2024 257

Bape and Adidas unveil a new silhouette of skate sneakers

Bape and Adidas have been collaborating for over 20 years and are debuting an all-new collaborative sneaker silhouette for the first time. Adidas N Bape is created in the spirit of skate culture of the early 00s and has some similarities with the Adidas Campus XNUMXs model,…
17.04.2024 1398
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning