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Moscow Retail Market Snapshot September 2009
15 Oct, 2009, Moscow
Irina RACHEVSKAYA, Senior Consultant, Retail Services, C&W/S&R:
“With the lower demand, tenants are only interested in retail space that has high vehicle and foot traffic, good visibility and image. Demand for such objects is still high although the supply continues to be limited. If a property lacks any of the mentioned components it results in less demand more emphasized than it was before the downturn. Thus, rental rates remain high only for the properties from the first group (taking into account general decrease in rental rates since Q4 2008). Currently restaurants and cafes are the most active developing on the street. Street retail is also currently attractive for the bank sector and limited fashion operators (discounter format).”
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