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2017 | Year-end Review | Russia | St. Petersburg | Retail Market

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The obsolescence of existing shopping centre formats along with a growing need for the re-conception of retail space were the main trends in the retail market during 2017. Recently, the renewal of formats and re-conception of shopping centres is being carried out by retailers on their own. This year, retailers operating in the fashion and beauty segments were the most active in terms of repositioning. These changes affected not only the conceptual approach to space zoning, but also the new models of identification and collaboration with customers. The growing activity of retailers and zero commissioning will reduce the vacancy rate to 3% in 2018.

2017 | Year-end Review | Russia | St. Petersburg | Retail Market

Download Report