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2020 | Q1 | Russia | Moscow | Street Retail

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The average vacancy rate on central shopping streets in Moscow increased by 0.3 p.p. compared to the previous quarter, this was due to tenant rotation in these locations in Q1 2020. An increase in vacant premises in Q1 2020 was recorded on pedestrian streets (3.9% versus 3.1% in Q4 2019), on central corridors (7.4% versus 6.9% Q1 2019) and on Patriarch Ponds (6.1% versus 4.4 in Q4 2019).
Based on a study of 567 objects (85,700 sq m) on main corridors, the vacancy rate for the year on Kutuzovsky (16%) and Lomonosovsky (4%) avenues increased by an average of 2 p.p. An exception was Michurinsky (9%), where the rate decreased by 2 p.p.
Colliers International forecasts that there will be a temporary increase in vacancies in Q2 2020 due to recent events-COVID-19, the devaluation of the ruble, a decrease in the number of tourists in the capital, a decrease in trade turnover and a shortage of customers.


2020 | Q1 | Russia | Moscow | Street Retail

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Veronika Lezhneva

Director | Analytical Department

Russia

‚Äč14 years of professional experience, including 12 years of real estate research in the leading consulting companies.

2006-2008: regional analytic in Russian-based development company. Scope of work included retail analysis in Russian cities and preparation of the strategy for land acquisition in regional cities for retail purposes.

2008-2013:  I started as a senior analyst in Jones Lang LaSalle St. Petersburg, created and headed research department, that focused on office, retail and warehouse research. In 2010 - promoted to Associate Director.

Since May 2013 I'm heading newly created Research department in Colliers St. Petersburg, covering six fields of analysis: retail, office, industrial, elite residential, hotel, and investments.

Since beginning of 2016 heading Research department Colliers Russia.

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