2017 for the St. Petersburg retail real estate market began optimistically, despite the fact that no new projects opened. Retailers continued to open new stores and renew existing ones in Q1 2017. A revival of international fashion brands was observed – their share in the total number of openings was 40%. The trend of decreasing vacancies in shopping centres in St. Petersburg in Q1 2017 was maintained. Over the past 12 months, the decrease was 2 p.p.