The volume of new construction decreased by 37% compared to Q3. 2017
The total amount of new construction for the whole 2018 will show the minimum values over the past 15 years.
According to the results of nine months, the total net absorption amounted to 463 thousand sq. M. m
The share of unoccupied premises within three months decreased by 0.4 percentage points. and reached 10.3% on average for all classes.
Compared to the beginning of the year, the vacancy on the market decreased by 2.0 pp
As a result of the decline in the existing supply of free space, the growth in the average level of rental rates continued. In class A objects, the average level of the requested rental rates during the quarter increased by 3%.
In the most popular locations and submarkets, the growth of rental rates will continue;