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Shopping centers empty in Vladivostok
06.03.2015 2735

Shopping centers empty in Vladivostok

Shopping centers of Vladivostok remain without tenants. Owing to the collapse of the ruble and the decline in purchasing activity, boutique owners either completely curtail their business, or are looking for more favorable conditions, moving to other premises or reducing their floor space. Developers go towards small business and reduce rental rates. However, the number of vacant space continues to grow, and owners of large commercial real estate are already suffering losses.

On the first floor of the Tsentralny shopping center, five stores were closed, and a few more were reduced in size. The situation is similar on the upper floors of the building.

The number of vacant premises in the Avangard shopping center has also increased. Many chains of clothing stores and salons are cutting retail outlets around the city, leaving only one working.

Due to jumps in the dollar exchange rate, goods cost suppliers more and more

In boutiques, they note that the rent is high, so they have to look for more favorable conditions - to reduce the area, but at the same time choose places where traffic is higher. Another problem is that due to the rise in the dollar exchange rate, prices for goods have skyrocketed. Some boutique owners intend to make a minimum mark-up for new consignments of imported goods and work for a while "in the red" so as not to scare off customers.

Against the background of empty space and moving out tenants, there are shopping centers, for example, "Maxim", which look more successful. There are no empty spaces at all, moreover, new stores are opening here.

Shopping centers of Vladivostok remain without tenants. Owing to the collapse of the ruble and the decline in purchasing activity, boutique owners either completely curtail their business or are looking for more favorable conditions ...
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