According to ILM analysts, in the third quarter of 2014, the total supply of quality office space in Moscow reached 16.5 million sq.m. The largest supply of vacant premises is observed in objects of class A, where the indicator has reached 24.5%, which exceeds the level of crisis values of 2008-2009.
In the third quarter of 2014, 452 000 sq. m. of office space was delivered in the Moscow office real estate market. In the first nine months of 2014, a total of 966 000 sq. m, which exceeds the volume of new construction for the same period of 2013 more than doubled.
The first quarter of 2017 left Moscow without new office space. For the first quarter of 2017, not a single office building was commissioned. For 10 years of observation, this is the first quarter with a zero increase in new supply, ILM experts say. The deadlines for all objects declared for commissioning in the first three months of the year were postponed to the second and third quarters.
The main indicators of the office real estate market in Moscow at the end of 2013:
We present to you analytics on the main indicators of the office space market at the beginning of September 2015.
Interested in data for the III quarter of the Moscow office real estate market? The most recent figures are presented in infographics.
We present analytics on the main indicators of the office space market for 2015. The most relevant numbers are reflected in infographics.
ILM experts shared with CRE their thoughts on what 2016 was for various segments of the commercial real estate market, and told us what to expect from 2017.
Andrey Lukashev, Managing Partner:
ILM analysts have prepared an overview of the Moscow office real estate market in the first quarter of 2014.
The main market indicators are as follows:
Consulting company ILM, which specializes in the brokerage of commercial real estate in Moscow, has prepared an analytical report on the loft office market in the capital.
In the total market volume of quality office space in Moscow, the share of lofts is about 5%, formed by about 30 objects. The total office area of these objects is more than 800 thousand square meters. m
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.