ILM analysts summed up the results of 2013 in the report "Office real estate market review, 4th quarter, 2013"
The main indicators of the office real estate market in Moscow at the end of 2013:
As of the end of 2013, the total supply of quality office space in Moscow reached 15.2 million sq. m. In 2013, about 748 thousand sq. m. were commissioned, which is 20% more compared to 2012. About 60% of office space, introduced in 2013, is outside the CAO.
At the end of 2013, the net absorption of office space decreased by about 85% compared to 2012. According to the results of four quarters of the year, the net absorption amounted to 114 thousand sq. m
The low value of net absorption and the significant superiority of new construction volumes over it led to an increase in the vacancy rate. At the end of 2013, the average vacancy rate in the market was 14%, which is 3% more than at the end of last year.
Compared to the end of 2012, having undergone some fluctuations over the course of twelve months, the average requested base rate for class A remained unchanged at $ 780 per sq. m per year. The average rental rate for class B + premises was $ 525 per sq.m per year, which is only $ 5 lower than that of the end of 2012. For Class B, the average requested base rental rate is $ 455 per sq. m per year, it is higher by $ 55 compared with the end of last year.
More information can be found in our report.
ILM Press Center
Read more 10.02.2014
Moscow shopping centers have remained recordly low number of free areas
In Moscow shopping centers, the vacancy rate is rapidly decreasing. By the end of the year, the indicator may reach the pre-crisis level of 2014.
Due to the lack of free space in good shopping centers in Moscow, the rates on them can grow to 5% by the end of the year, predicts ILM director of the retail real estate department, Yegor Levchenko. At the same time, the gap between popular shopping centers and small local ones is widening. Levchenko argues that shopping centers in residential areas lose tenants, and rates for the year may decrease by 2-3%.
Read more: https://www.the-village.ru/village/business/news/329555-a
Read more 25.10.2018
Moscow offices run out of meters
Another reason is the low commissioning of business centers, adds ILM managing partner Andrei Lukashev: in 2017, 408,000 square meters were built. m, and a year earlier - even less. His forecast for 2018 is up to 500,000 square meters. Given the increasing demand, there are first signs of a shortage in the Moscow office real estate market, Lukashev notes, and large premises over 30,000 square meters. m - potential customers risk not to find now. Last year, banks and telecommunications companies actively bought and rented areas from 10,000 square meters. m, recalls Golysheva. So, Vimpelcom rented 17,000 sq. M. m in the business center "Bolshevik" (owner of O1 Properties), Gazprombank bought from AFI Development 43,000 square meters. m in "Aquamarine III" and rented from "Safmar" 12 000 sq. m. m in the BC "Oasis".
Source: https://www.vedomosti.ru/realty/articles/2018/01/29/749226-zakanchivayutsya-metri
Read more 29.01.2018
