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Retail By City

city rank #5

City Overview

In 2014 the Moscow retail property has become closer to saturation. Around 600,000 sq m GLA of new retail space delivered to the market is a historical record high. It has resulted in 385 sq m GLA / 1,000 inhabitants. Majority of new shopping malls are of super-regional format. Due to rapid growth of supply new schemes have high vacancy level, which in some schemes could reach 30-40% in the first year. However, average vacancy rate in Moscow shopping malls is expected to be around 5.5% by the end of 2014. Rental rates, especially in newly delivered schemes are under downward pressure. Rental rates for anchor tenants have decreed by 10-15%. At the same time prime rent in the most popular shopping malls is stable. International brands are still very active. 29 new international retail chain entered the Moscow market during first 9 months of 2014. And 10 more chains could come in the Q4. By the end of 2015 Moscow might reach market saturation levels (supply side) similar to that in some European capitals.

Things to do

See

Work

Metropolis (Leningradskoye highway), any of three MEGA Malls, Crocus City and/or Luxury Village, AFI Mall, any out of three outlets

Rest

Red Square, Manezhnaya Suqare, the city view from Vorobyevy Gory (Sparrow Hills). A boat trip on Moscow River can be extremely lovely during summer.

And be seen

Eat

The Most, Bon, Pushkin, Baccarat Crystal Room, Gusyatnikoff

Drink

Che, Rolling Stones, GQ bar, Zhiguli bar

Be Merry

Any of the hundreds of friendly, fashionable and fun night clubs in the city

Other Cities in Russian Federation

Contact Us

MICHAEL ROGOZHIN
BC OKO, Moscow-City
1 Krasnogvardeysky pr-d, 21, bld. 1, 29th floor
873306 | Michael.Rogozhin@cbre.com