STREET RETAIL
2020 knightfrank.com/research
Experts from Knight Frank distinguish three locations of street retail premises: pedestrian streets with high pedestrian traffic*; central retail streets with transport and pedestrian traffic**; main avenues. The report examines in detail the situation in each submarket. STREET RETAIL
Conclusions Supply
By the end of 2020 the total By the end of 2020 the total street retail In tenants structure by area the largest street retail space amounted to space amounted to 587,000 sq. m, the volume of premises in transport and 587,000 sq. m, the average average size of premises amounted to pedestrian streets with area 100-200 sq. size of premises amounted to 194.4 sq. m, the increase of new supply m is 25% and 27% respectively. More 194.4 sq. m, the increase of new was 0.5%. than 50% of premises on all types of supply was 0.5%. streets have area amounted up to 300 The volume of trade space in central Catering segment is the leader in sq. m. pedestrian streets of capital amounted tenants profile which has following Food & beverage operators with 47.1% to 110,800 sq. m. New supply didn’t shares: 47.1% on pedestrian share is the leader in tenants group on increase over year. streets within Garden Ring, pedestrian streets (has decreased by 0.6 38.1% on transport and Over the year the volume of new p. p. over year). Fashion retailers account pedestrian streets. supply amounted to 1,400 sq. m and for 25.2% of total space (increase by 1.3 By the end of 2020 the share of 2,000 sq. m respectively on central p.p.), gifts and souvenirs account for free trade premises on pedestrian transport and pedestrian and main trade 4.4%. Tenants shares in other profiles streets is record-breaking since corridors. does not exceed 4.8%. 2015. It is worth noting that buildings Within Garden Ring catering facilities at 7 and 20 Tverskaya St., as well as are mainly represented in premises with 4/5 Nikolskaya St. are undergoing area 100 to 200 sq. m. (24%) and 200 reconstruction. to 300 sq. m. (21%). The minimum
Street retail supply dynamics, 2020 to 2019