Number of square meters delivered in Q1-Q2 2018

The pace of new construction continues to be influenced by the post-crisis situation. According to the results of two quarters, only 56 thousand sq.m. were commissioned. 

According to the announcement of the owners of the objects, by the end of the year another 150-200 thousand sq.m. of the new offer will be commissioned. Thus, the volume of growth in 2018 will be 35-45% lower than the previous year. This may again be the minimum value over the last ten years. There is still a high probability of postponement of the delivery of already declared objects for 2018-2019, to later periods. However, a number of large developers announce to the market the start of new or resumption of construction of current projects. It should be taken into consideration that the implementation cycle of the object is about 3 years. Therefore, the pace of the introduction of new proposals in the next two years will remain low.