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Recovery in the market of street retail and SC / SEC, Moscow region

The market of retail real estate market is gradually being restored both in Moscow and in large cities of Russia. This is due to a decrease in vacancy rates in SC / SECs, an increase in the disposable income,  an increase in demand for long-term storage goods. The new retail operators are again interested in the Russian market.

Almost half of the key openings of SC / SECs in 2018 in Russia are located in Moscow and the Moscow region. In 2018 it is planned to offer about 500,000 sq m of retail space and about 220,000 will be in Moscow and Moscow region.

In the first quarter, according to the company, in Russia 4 SCs were opened with total GLA ​​95,000 sq m. The rental area of ​​each of them did not exceed 30 thousand square meters.

The main driver of street retail market is catering operators, and FIFA 2018 will strengthen this trend in Q2-Q3 2018.

Sources: Verve Way, retailer.ru

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