Participation increased with the onset of cold weather and the decrease in the share of free space in the shopping malls in the two capitals. This will be reported “Kommersant”.
According to the publication, traffic in Moscow shopping centers in October was lower than in St. Petersburg compared to the same period in 2022. In St. Petersburg it increased by 6%, compared to 10%. Positive dynamics are especially noticeable in large-format objects with an area of over 40 thousand square meters. m – their turnout fell to 12% in Moscow and St. Petersburg after falling a year ago. In St. Petersburg, it increased by 15%.
Experts interviewed by the publication attribute the increase in viewership to the change of seasons and the desire of city residents to update their wardrobes. In particular, traffic to clothing stores is 26% in Moscow and St. In St. Petersburg, it increased by 18%. The share of vacant space in shopping malls is also decreasing due to the opening of new stores, including fashion stores. This figure is expected to drop to 9-10 percent by the end of the year.
However, no increase in rental rates is expected yet. A similar situation is observed in the office real estate segment of both capitals, where demand is moderate due to the decrease in vacant areas. Thus, demand is starting to return to the commercial real estate market.
Before that it was known in Russia started real estate investment boom.
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