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More and more space in Moscow City is being taken up by catering establishments.

01.10.2020
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More and more space in Moscow City is being taken up by catering establishments.

Recent research by Colliers International revealed that banks and other financial institutions are being displaced from Moscow City skyscrapers by food service stores, as well as beauty and health products. Travel agencies, logistics companies, post offices, and delivery services occupy slightly smaller spaces. Clothing and footwear stores follow.

In Moscow City's multifunctional complexes, retail areas and outlets are primarily located on the ground and underground floors. However, recently, there has been an increase in both the availability of premium-segment commercial space and an influx of new tenants. Consequently, tenant turnover has reached 7% in recent months.

At the same time, due to the easing of quarantine measures, most offices and representative offices are returning to their usual offline operating hours. Therefore, a logical increase in store traffic is expected, and, consequently, a decrease in the number of commercial spaces available for lease.

As part of the aforementioned Colliers International study, it was noted that the lowest coverage of tenant categories is typical for the OKO , North Tower and Mercury skyscrapers.

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