Kommersant reported on the stagnation of the retail and office real estate markets in the Russian Federation

Shopping centers Moscow And St. Petersburg can count on a decrease in vacancy against the backdrop of low activity in terms of new facilities and a gradual increase in attendance, the newspaper reports “Kommersant”

The Mall Index in Moscow increased by 4% in the period from March 11 to March 17, and in St. Petersburg by 1%. These figures lag behind those recorded in the same period last year by 2%. Analysts recalled that two years ago the attendance at these facilities was considered high.

Director of the retail real estate department of NF Group Evgenia Khakberdieva in Moscow said that the situation with traffic in the city remains stable.

Director of brokerage RRG Svetlana Yarova states that now in the most successful shopping centers about 5-6% of the premises are empty. There is a shortage of quality properties in central locations in the street retail market.

Demand began to exceed supply. Therefore, property owners allow themselves to raise rental prices. This was stated by Marina Markova, head of the street retail department of the Magazin Magazin company.

As for office real estate in Moscow, in the first quarter the vacancy rate was 6.5%. In the next three months the figure could reach 7.5%. There is still a shortage of liquid space on the office market in St. Petersburg.

Previously, the business climate indicator in the Russian Federation reached its maximum in 12 years. Read more about this in the material of the Public News Service.

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