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Vacancy rate in Moscow shopping centres approaches 4%

The vacancy rate in Moscow shopping centres declined to 4.3% in Q1 2019, which is the lowest level since the middle of 2014, according to JLL. This is due to the low number of completions in 2017-2018, when only eight new schemes (278,000 sq m[1]) entered the market; the figure is half the level of[…]