The share of vacant retail premises in Moscow has reached a four-year high
In the center of Moscow, 11.5% of premises for shops and restaurants were vacant in the first half of the year - this is the maximum since 2016 (13%), writes Vedomosti , citing a report from the consulting company JLL. At the end of 2019, only 8.7% of the area was vacant. The increase in vacancies is due to the economic downturn amid the pandemic, a decrease in household incomes and restrictive measures, said Vladislav Fadeev, head of the company's research department.