- 18/03/2019 - 11:07
By the end of 2013 the overall supply of quality office space in Moscow achieved 15, 2 mln. sq m During 2013 748 thousand sq m of office space was commissioned which is 20% less than at the same period of 2012.
60% of office space commissioned in 2013 is located outside Central District.
In the course of 2013 the volume of net absorption fell by 85% compared with 2012. Overall net absorption for 2013 was recorded at 114 thousand sq m.
Low value of net absorption, significantly exceeding the volume of new construction has led to an increase in vacancy rate. By the end of 2013 on average vacancy rate amounted to 14% which is 3% more than by the end of 2012.
With minor fluctuations within twelve months, the average asking rents for Class A remained unchanged at $ 780 per sq m per year. The average rents for Class B + - $ 525 per sq m per year, which is only $ 5 lower than at the end of 2012. Average asking rents for class B- - $ 455 per sq m per year, which is $ 55 higher compared to the end of last year.
