In a month, the tax rate on business property will increase in Moscow by 30%.
Business fears have come true - from 2019 the property tax rate will increase by almost a third. The rate of 2% will be applied, a representative of the Moscow Economic Policy and Development Department told Vedomosti.
Most companies were expecting a rate hike, but less significant, and only budgeted 0.1–0.2 pp in the next year’s budget, says Margarita Trofimova, ILM Evaluation and Consulting Director.
Source: https://www.vedomosti.ru/business/articles/2018/12/06/788544-stavka-naloga-uvelichitsya
Read more 21.12.2018

The largest coworking WeWork opens in White Square
The WeWork Coworking Network leased almost 5,900 square metersin the business center "White Square" next to the "Belarusskaya” metro station. The lease agreement is concluded for a period of seven years with the possibility of renewal, the opening will take place in mid-2019.
WeWork was created by Americans Adam Neuman and Miguel McKelvey in 2010. It is one of the largest co-working networks in the world: it has 335 offices in 83 cities in 24 countries. According to this indicator, it is second only to Regus, which has about 3,000 offices around the world.
In Moscow, there are 111 coworkings with an average area of 1,500 square meters. The total offer of offices of this format in Moscow is 130,000 sq. m.. m. It will gain more and more popularity: for many companies it is the most economically advantageous option of using office space. Director of the office real estate department at ILM, Anna Vorobyeva: since 2016, the demand for offices for teams of 3–10 people has almost tripled. In 2018 alone, more than 3,000 companies, according to her data, were looking for such offices for their start-ups, while the number of early termination of short-term contracts (11 months) by tenants increased almost 2 times compared to last year.
Source: https://www.vedomosti.ru/realty/articles/2018/12/11/789040-kovorking
Read more 12.12.2018
VEB will take a office center near a Kremlin for a debt
Class A office building 300 meters from the Kremlin can go to Vnesheconombank. Business center at Znamenka, 7, with an area of 20,000 square meters, among the tenants of which there are large companies, can go into the portfolio of the bank's assets in payment of debt on the loan. VEB units may move there.
“The building on Znamenka belongs to a VEB client. VEB does not comment on the relations with its clients. Indeed, we are considering placing part of our employees in these premises, ”the VEB press service told Forbes.
“Most companies did not advertise the address of their office on Znamenka. Rates in this office have always been high - from $ 1000. But the companies that were there didn’t care what the rental rate was, ”said ILM managing partner Andrei Lukashev to Forbes.
Read more: http://www.forbes.ru/biznes/370259-veb-zaberet-za-dolgi-ofisnyy-centr-ryadom-s-kremlem
Read more 11.12.2018