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Moscow leads Europe in scope of retail areas’ offer

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Moscow leads Europe in scope of retail areas’ offer

The capital city of Russia, Moscow, tops the European cities rating in terms of the scope of offer of a high quality real estate property, as it is stated in Knight Frank’ press release, RIA Novosti reports on Tuesday.


According to the document, Moscow market is the largest one in respect of these indicators (GLA — 5,47 million of square meters). Paris (GLA – 4,7 million) and Saint Petersburg (GLA – 2,83 million) are rated second and third respectively. Among other Russian cities, Yekaterinburg with GLA of 769,764 square meters also hit top 10 of European cities in terms of the scope of offer of a high quality real estate property.

With consideration for the trade centers, both projected and under construction, provision of Moscow residents with retail areas might increase up to 609 square meters per thousand people by the year 2019.

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