Shopping centers with a total area of 292 thousand square meters are planned to start operating in Moscow this year. m This is 2.3 times more than a year ago. In this respect reported RBC with reference to IBC Real Estate.
“It is planned to put into service 15 shopping centers with an area of 292 thousand square meters in Moscow. m. Almost half of the total retail area put into operation is occupied by Seligerskaya TPU – 145 thousand square meters. m,” the company said.
The company announced last year that it had 305,000 square feet. commercial real estate m. That’s three times less than in 2021 (913,000 square meters) and the lowest figure in the entire 20-year history of observation.
The situation in the commercial real estate market in Russia began to gradually improve. Fashion operators, catering businesses, specialized retailers began to open new outlets and stores more often. Wrote formerly “Kommersant” with reference to market participants. According to NF Group, the vacancy rate in shopping centers in Moscow at the end of last year reached 15.6%, with the departure of Western brands. Already at the beginning of 2023, the situation stabilized. Analysts think the vacancies are filled by Italian brands and retailers from Turkey, Armenia, China and Belarus.
Source: Gazeta

Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.