globe retail outlook data

 

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Retail By City

city rank #9

City Overview

In Q3 2018 the Moscow retail property has demonstrated saturation level of 487 sq m GLA / 1,000 inhabitants, which is close to the average in key European markets. During Q1 2018 to Q3 2018 period  129,300 sq m GLA of new retail space delivered to the market, and 182 800 more is expected to be opened by the end of 2018. If all announced schemes is opened on time, total stock will amount to 6,150 million sq m by the end of 2018. Due to record low growth of new schemes supply vacancy level is decreasing. In some new schemes vacancy, in the first year after opening could be as high as 20-40%, but for most existing SCs, working more than a year, vacancy level is in 0-10% range; average level by the end of 2018 is expected to be in 7.5 – 8.0% range. Rental rates have been stable during last year. International brands are still active, in spite of sanctions. The number of new international brands, entered Russian market in Q1-Q3 2018 is 17. 6 brands left the market.

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