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H1 2016 | Russia | St. Petersburg | Retail Market

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The total stock of quality retail space in St. Petersburg remained at the level of 2015 amounting to 2.68 million sq m at the end of Q2 2016. By the end of H1 2016, the market observed a slight decrease in the average level of vacancy totaling to 8%. Street retail market has shown good results in terms of tenants activity in the first six months 2016. The vacancy rate in H1 2016 on the central corridors amounted to 3%. The main market players in street retail were businesses operating in food industry - cafés and restaurants as well as grocery stores.

H1 2016 | Russia | St. Petersburg | Retail Market

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