At the end of 2012, the total supply of quality office space in Moscow reached 13.4 million square meters. m. During the year, was introduced about 524 thousand square meters. m of office space, which was 15% less than in 2011.
The volume of absorption of office space amounted to 724 thousand square meters. m, which is 35% more than in 2011. This suggests that activity from tenants / buyers in the market continues to grow. The average vacancy rate in the market was 11%.
As before, the largest share of vacant space falls on class A premises - this is 17%. The level of vacant premises in class B + and B- buildings slowly declined during the year and at the end of Q4. 2012 was 11% and 6%, respectively. In 2012, the Moscow office space market was characterized by a stable level of basic rental rates. During the year, there were only minor changes.
At the end of 2012, the average base rental rates for premium class A premises were $ 980 per sq. M. m per year and on class A premises - $ 780 per sq. m. m per year. For class B + average base rates are at $ 530 per square. m per year and for class B - $ 410 per square. m per year.