Q1 2024 | St. Petersburg | Street retail
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Q1 2024 | St. Petersburg | Street retail
04 апреля 2024
The number of vacant premises in the city’s central shopping routes keeps contracting due to high tenant activity.

The trend of international brands being replaced by Russian players continues. For example, the Dior space will soon be occupied by Dom Farfora (House of Porcelain), an interior décor shop, and the first monobrand lingerie boutique Le Journal Intime will open in the Rolex space.

The trend of splitting large premises into several units continues. This is probably due to the rent appreciation in the prime locations, as well as the owners’ desire to avoid loss of income in case of tenant rotation or tenant vacating the premises. Thus, two new tenants — Footbox and Borsetta — appeared in place of New Balance shop.

Amid the swelling tourist flow and popularity of gastronomic tourism, many catering companies seek to open their establishments on the central streets, despite high rental rates in such locations. In the near future, at least three more new catering establishments will spring up on Nevskiy Avenue.
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