Minsk Retail Space Vacancy Rises as Avia Mall Opens, Despite Market Recovery
The retail scene in Minsk is seeing a shift. The opening of the new Avia Mall in 'Minsk World' has led to an increase in retail space vacancy, with rates climbing from 7.5% to 9.1% in the second quarter of 2025. Despite this, the stock market today shows signs of recovery after the pandemic and structural changes.
The new Avia Mall, located in the 'Minsk World' development, has contributed to this increase in vacancy. However, no developer names for either 'Minsk World' or the new Avia Mall could be found in available sources. This increase in vacancy comes amidst a revival in demand for retail space in the city, following a slump during the pandemic. The first half of 2025 has seen signs of recovery in the Minsk commercial real estate market.
While the opening of the Avia Mall has contributed to a temporary increase in retail space vacancy, the stock market today is showing signs of resilience and recovery. The demand for retail space is reviving after the pandemic, indicating a positive outlook for the sector.
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