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Q3 2018 | Russia | St. Petersburg | Street Retail

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Summing up the results of the third quarter in the street retail market, catering and fashion still are the leaders in the number of new openings this year. However, compared to the same period last year, interest in the main shopping corridors from grocery chains dropped significantly and no chain groceries opened on the main streets of the city (including the vigorously developing segment of exclusive mono-profile stores). In the previous quarter, tenants on Bolshoi PS avenue showed the highest activity, with rotation reaching 9%, an increase of 3 p.p. in three months. The vacancy rate on the four main shopping streets of the city has been systematically decreasing, which is shown by the overall figure for the most popular corridors reaching 4% by the end of October.

Q3 2018 | Russia | St. Petersburg | Street Retail

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