There have been noticeably fewer new shopping centres openings in recent years . However , the areas that are already well endowed with retail real estate — Moscow and the Moscow Region — are the leaders in the growth of space . For the most part , counting on Russian retailers as the main tenants is justified , but for the buyer it is still necessary to fight an unfair battle with the Internet . The Bank of Russia ’ s actions to tighten credit conditions are also affecting consumer demand . Despite this , the market is convincingly showing signs of life .

52 | SHOPPING CENTERS RUSSIA | МАЙ-СЕНТЯБРЬ 2024