globe retail outlook data

 

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Retail By Country

Russian Federation

COUNTRY RANK #7

Russian Federation

Russia is well on her way to become one of the largest markets in Europe. Large [international and federal] players are active in the regional markets, putting strong pressure on the regional chains and in some cases buying them. Moscow and St. Petersburg are still far ahead of regional cities in terms of modern retail space. Total stock in Moscow and St. Petersburg is 1.7 times larger than the total supply in all other cities with population over one million inhabitants. Moscow is dominating in terms of shopping malls under construction: more than 0.6 million sq m of modern retail space could be delivered to the market by the end of 2019. At the same time, given stable income and consumer demand growth across Russia, developers are actively working in other regions of Russia. This is especially actual for such cities as Samara, Yekaterinburg, Krasnodar and Chelyabinsk. Next stage of retail property development will be in smaller cities with population less than 500,000 inhabitants. Total pipeline in such cities is more than in million-people cities and amounts to about 0.3 mln sq m r by the end of 2019.

Our Top Tip For
New Arrivals

Moscow is the most developed economics center in Russia and also an airplane hub, where most international flights arrive to. Moscow is ranked 17 in Mercer's 2018 "Cost Of Living City Ranking", so a visitor should expect comparatively high prices on taxi, hotels, restaurant food and other services in the city's center. Other Russian cities have significantly more affordable prices, except, perhaps quality hotels, which are insufficient and are expensive because of that. Smoking is prohibited in all public places (bus stops, cafes etc.) Traffic jams are usual in all major cities. In almost all cities with population of 1 mn people and higher, there's an underground system, that in many cases can safe time, when travelling within a city.

Currency

Russian Ruble (RUB)
EUR €0.01
USD $0.02
GBP £0.01

Language

Russian
Hello: Privet
Thank you: Spasibo

International Dialing Code

+7

Time Zone

GMT +2 (Moscow) to +11

Cost of a Pair of Jeans

5,000.00 RUB

Cost of a Cup of Coffee

240.00 RUB

Cities in Russian Federation

Contact Us

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