Shops and Cafes Are Closing in Moscow Due to the Pandemic

Many cafes, restaurants, and shops in the capital were unable to adapt to the new working conditions during the pandemic, Russian media reported.

For these establishments, revenues fell 1.5-2 times, and expenses for meeting sanitary requirements increased, according to the Colliers consulting company.

As a result, the share of vacant commercial premises in the center of Moscow increased from 8.1% to 14.5%, according to CBRE.

Most of the empty premises are found on Myasnitskaya Street, Petrovka, Kuznetsky Most, Tverskaya, 1st Tverskaya-Yamskaya, and Bolshaya Nikitskaya, which speaks about the difficult situation that these cafes and restaurants found themselves in during the pandemic.