The number of square meters of office space delivered in Q1 of 2017.

During the first quarter of the year, not a single office building was commissioned. For 10 years of observation, this is the first quarter with a zero increase in new
supply.

The volumes of input in the current year may again become minimal. In 2017, according to the announcement of the owners of the facilities, about 450 thousand square meters will be commissioned. At the same time, a decrease in input of large objects is predicted. Moreover, the real volume of the new offer may become lower. The owners continue to postpone the commissioning of the building for later periods in order to avoid increasing the tax burden due to the commissioning of the facility, or waiting for anchor tenants. In the next two years, the market will also be replenished mainly by buildings, whose entry into the market was originally planned for 2015-2016.