Commerce finds stability // Tenants’ interest in shops and offices is slowly recovering
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Commercial real estate markets show moderate signs of recovery in May. Traffic in shopping malls in Moscow and St. Petersburg continues to show positive dynamics compared to last year, while vacancy rates in the largest facilities have begun to decline. In the street retail segment, consultants started talking about large-scale retail openings planned for the second half of the year, although landlords here still have to accommodate potential tenants. Demand for offices is mainly supported by transactions with small premises.
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