Reduction in the share of vacant retail space in Moscow City

en
ru zh ar
Reduction in the share of vacant retail space in Moscow City

According to Nikoliers, 40% of the retail space available for lease in Moscow City is occupied by food service establishments. This situation applies to the first quarter of 2022.

Research conducted by Nikoliers confirmed that the amount of available retail space in the Moscow International Business Center (MIBC) has been declining since July of last year (the changes did not affect Neva Towers or Afimall City ). At the end of the first quarter of this year, this figure reached 12%. The data was released by TASS.

The specialists involved in the study noted: "The first quarter of 2022 was characterized by a reduced vacancy rate, which spread to many retail areas in the Moscow International Business Center. It exceeded the July figures of last year, reaching 12%. The highest vacancy rate was observed in 2022 at the Mercury Tower , where four premises were closed. Currently, the Mercury Tower has the largest number of vacant spaces (at least 33%). A smaller number are found at the Evolution and Federation centers (19% each)."

Nikoliers representatives were able to determine the situation in the first quarter of 2022. During this period, the following situation was observed among those who rented retail space from the Moscow International Business Center:

  • the share of enterprises related to public catering is 40%;

  • the service sector, represented by travel agencies, tailor shops, dry cleaners, etc. – 13%;

  • enterprises related to beauty and health – 11%.

About 6% of the premises were affected by occupancy rotation or were occupied by new tenants. Up to 7% of previously vacant buildings also acquired tenants.

Nikoliers predicts that traffic in the Moscow International Business Center's shopping malls will continue to recover. This will be facilitated by the lifting of restrictions related to the coronavirus pandemic and the return of some employees to traditional work arrangements. This opinion was expressed by V. Lezhneva, Director of the Research Department at Nikoliers.

The specialist also clarified: "After retailers from other countries suspended their operations, there were no significant changes in the operations of the retail chains within Moscow City. This situation is due to the fact that the vast majority of properties within Afimall City are leased. The impact of sanctions forced the closure of the Starbucks coffee shop located in the Naberezhnaya Tower. Other foreign operators continue to operate as before."

Nikoliers representatives analyzed at least 300 commercial premises in business centers owned by the Moscow International Business Center. More than half of the business center's retail infrastructure was allocated to three properties. These included IQ-Kvartal, Federation, and Capital City (excluding the area allocated to Afimall City).

Since 1994, Nikoliers, a consulting firm, has represented the international Colliers brand. Since March 2022, it has been operating independently in Russia.

Leave your comment or question
Rate the publication
2.5 of 5
Other news in Moscow-City
The general contractor for the One skyscraper in Moscow City has been selected.
30.01.2026
The general contractor for the One skyscraper in Moscow City has been selected.
Rencons has been appointed general contractor for the 90-story residential skyscraper One in Moscow City. Deve...
Russia's most expensive office is on display in Moscow City.
30.01.2026
Russia's most expensive office is on display in Moscow City.
The office building in the Federation Tower has become the most expensive offer on the Russian commercial real...
The Big City plans to expand its road network.
25.01.2026
The Big City plans to expand its road network.
The construction and reconstruction of approximately 25 km of roads is planned in the "Big City" area. The pro...
The bionic skyscraper project "Strana.City" has been approved in City-2.
26.12.2025
The bionic skyscraper project "Strana.City" has been approved in City-2.
Moscow authorities have approved the architectural design of the Strana.City complex in the City-2 district. T...
The government has instructed Russian Railways to consider the sale of Moscow Towers in Moscow City.
19.12.2025
The government has instructed Russian Railways to consider the sale of Moscow Towers in Moscow City.
The Russian government is discussing the sale of the Moscow Towers skyscraper in Moscow City, acquired by Russ...
Office complex on Erismana Street near Moscow City: construction approved for 249,000 square meters
18.12.2025
Office complex on Erismana Street near Moscow City: construction approved for 249,000 square meters
Moscow authorities have approved the construction of a multifunctional business complex covering approximately...
Cadastral growth in 2026: "City of Capitals" entered the top of Moscow's most expensive buildings
05.12.2025
Cadastral growth in 2026: "City of Capitals" entered the top of Moscow's most expensive buildings
In 2026, Moscow recalculated the cadastral value of properties. "City of Capitals" rose to the top 10 most exp...
Dau House: Moscow City's first residential skyscraper and a triumph at the 2025 URBAN Awards
28.11.2025
Dau House: Moscow City's first residential skyscraper and a triumph at the 2025 URBAN Awards
Moscow City's first residential skyscraper, Dom Dau, received top marks from URBAN Awards 2025 experts, becomi...
New high-speed highway in the North-West Administrative Okrug: How the connection between Sheremetyevo and Moscow-City will change
24.11.2025
New high-speed highway in the North-West Administrative Okrug: How the connection between Sheremetyevo and Moscow-City will change
A key infrastructure route connecting Sheremetyevo Airport and Moscow-City is being developed in the North-Wes...
City 2: How a comprehensive engineering scheme is transforming a vacant lot into a new business center
18.11.2025
City 2: How a comprehensive engineering scheme is transforming a vacant lot into a new business center
Moscow has approved a comprehensive utility plan for the City-2 project, a 25-hectare site adjacent to the Mos...
Construction of the new TOP TOWER skyscraper has been approved in the Presnensky District.
13.11.2025
Construction of the new TOP TOWER skyscraper has been approved in the Presnensky District.
Mosgosstroynadzor has approved the construction of a new skyscraper, TOP TOWER, nearly 300 meters tall, within...
Double-deck high-speed elevators at iCITY bring a new level of vertical mobility to Moscow City.
12.11.2025
Double-deck high-speed elevators at iCITY bring a new level of vertical mobility to Moscow City.
The iCITY business complex in Moscow City has launched Russia's first double-deck elevators with a maximum spe...
STONE will build 200,000 m² of office space in the Big City on Shmitovsky Proezd.
06.11.2025
STONE will build 200,000 m² of office space in the Big City on Shmitovsky Proezd.
STONE (Stonehenge) has begun engineering work on a 2.4-hectare site in the Moscow-City district. A new busines...
Improvements in the "Big City": alleys, terraces, and sports areas near the JOIS Business Center
30.10.2025
Improvements in the "Big City": alleys, terraces, and sports areas near the JOIS Business Center
In the "Big City" business district, over 1.3 hectares of land adjacent to the JOIS business center are being...
Working in Moscow City: A Bonus Opportunity or a Punishment?
28.10.2025
Working in Moscow City: A Bonus Opportunity or a Punishment?
58% of Moscow City employees are dissatisfied with crowds and high prices, while 42% value prestige, views, an...
MR Group has launched the TOP TOWER office skyscraper near iCity.
23.10.2025
MR Group has launched the TOP TOWER office skyscraper near iCity.
Developer MR Group has opened office sales in the new TOP TOWER skyscraper, the second phase of the iCity proj...
Office space is rapidly disappearing in Moscow City.
19.10.2025
Office space is rapidly disappearing in Moscow City.
Moscow City, the capital's largest business cluster, is experiencing a historic low in vacant office space...
Unique elevator winches in the 340-meter Dau House skyscraper
29.09.2025
Unique elevator winches in the 340-meter Dau House skyscraper
The 87-story residential complex "Dom Dau" in Moscow City will feature high-speed elevators with innovative wi...
The Embankment Tower in Moscow City could gain an additional 4,000 square meters.
18.09.2025
The Embankment Tower in Moscow City could gain an additional 4,000 square meters.
The Embankment Towers, a planned 4,000-square-meter extension of the existing parking lot, has drawn criticism...
Moscow City's office space will grow almost 50% by 2030–2031.
27.08.2025
Moscow City's office space will grow almost 50% by 2030–2031.
By 2030-2031, Moscow will see the emergence of new towers (iCITY-2, One, Sezar Tower, Empire II, Bagration Bri...