The retail and office real estate market in Russia is, on the one hand, stagnating, and on the other hand, it is slowly adapting to new realities. writes about this “Kommersant”.
According to experts, Moscow and St. The gradual increase in traffic to shopping centers in St. Petersburg allows us to be confident that vacancies will decrease in the coming months. There is a revival in demand in the high street retail market, but this is offset by increased supply due to new housing complexes.
In the office real estate segment, the situation is more limited. Despite the decrease in vacancy in the first quarter, growth is expected in the second and third quarters due to high interest rate and slowdown in economic growth.
“The situation in the Moscow retail real estate market remains stable. In the first two and a half months, only one facility was opened: Liner shopping centre,” notes Evgenia Khakberdieva, regional manager of NF Group’s retail real estate department.
According to their forecast, a more significant decrease in the share of vacant retail space will be observed only in the second half of the year. The vacancy rate in successful shopping malls is currently around 5-6 percent.
Before that, it was known that 2023 was in Russia. happened A record in terms of real estate investment.
Previously in Moscow dead an explosion in demand for a type of property.