Average asking base rates as of the end of Q1 2019

With limited supply and steady demand, rental rates have stabilized.

In the most popular locations and submarkets, the owners began to raise the cost of rent.

In the first quarter of the year, for the most part, an increase in rates was observed in class B + objects. For the first three months, the average level of the requested base rental rates for offices of this class increased by 1.5% and reached 17,100 rubles. for the quarter. m per year. In class A, the average level of ruble rental rates compared with the end of last year did not change and amounted to 26,200 rubles. for the sq.m. per year. Due to the main trend in the market due to the lack of office space, the conditions of the “landlord’s market” are becoming stronger. This year we will be able to observe how many owners will begin to dictate their conditions to tenants and show less flexibility in discussing conditions.