2022 Results | St-Petersburg | Street Retail Market Report
23 января 2023
The vacancy rate on the five key retail corridors was 8.9% by the end of 2022, which is 0.7 p.p. lower than the year before. In terms of vacancy rate dynamics there were different trends. Such locations as Nevskiy Ave and Bolshaya Konyushennaya St, demonstrated a decline in the vacancy rate over the year. However, those corridors haven’t yet reached the figure of the pre-pandemic period. On the three other key retail corridors, the vacancy rate increased over the year, in this context the most significant rise was on Rubinsteina St – from 2.5% to 6.2%.
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