In the first half of this year, rental rates in the street retail market in Moscow fell to 13% yoy. Most of all, this affected the owners of overvalued real estate and premises on major highways. One of the reasons for this is the reduction by the main tenants of such facilities from among retailers, banks and communication stores of points of sale and branches due to the transfer of a large part of the business online. Experts believe that after the final termination by Western luxury brands of lease agreements for street retail premises on the central shopping streets of the capital, the rates for the segment as a whole will decrease significantly.
Streets are freed from trade // Rent of street retail objects in Moscow becomes cheaper
Published on
