Rents Fall, Vacancies Rise as Moscow Confronts Flagging Economy

March 31, 2015 4:43 PM

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Rents Fall, Vacancies Rise as Moscow Confronts Flagging Economy

‘Landlords are seeing the light,’ one tenant says, but concessions could portend trouble

MOSCOW—The empty storefronts and for-rent signs that pockmark the upscale shopping strip of Tverskaya Street illustrate impact of the ruble’s collapse and Russia’s broader economic troubles on commercial real estate.

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