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