Expert opinion

In an interview for www.cre.ru, Margarita Zayeva, head of the retail real estate department at ILM, talks about the benefits of investing in retail real estate, the difference between the capital and regional markets, and the strategies of shopping center owners.

- Margarita, is it profitable to invest in commercial real estate now?

CRE has published an article about the best loft complexes in Moscow, prepared by ILM experts:

“As the office market in Moscow has grown incredibly, and the tenants have become more sophisticated and demanding, the demand for non-traditional office premises, for example, in the loft style, has increased.

Today, an excess supply of office space has formed on the Moscow office real estate market — 3.15 million sq. m. remain free, say the analysts  of ILM company.

The topic of fire safety was again widely discussed among experts, owners of shopping centers and architects after the tragedy in Kemerovo, which according to the latest data, killed 64 people.

The purchase by VTB Bank of a blocking stake in the Magnit is capable of giving impetus to the development of the retailer and bringing a revival to the rental market in street retail, experts say.

Office is one of the basic components of a successful business. But to rent or to buy? Let's try to figure it out.

Rent, rent and rent again!

Investment activity in the commercial real estate market depends on the general situation in the real estate market and in the financial market. And if we talk about the financing of commercial real estate, then a lot depends on the situation in the wide financial market, but it is also important to have additional tools that are used in the market now and help to survive crisis times with minimal losses. If a lot has already been written about the first one but not for the second topic.

Interview of Ekaterina Volkova for the portal "Real Estate and Prices"

Starting to find an office, many business owners want to find a cheaper one, but at the same time do not lose in quality. Often, looking frivolously to such a difficult task, the search for a future office is assigned to the secretary. So what to look for when choosing an office, if you have not had such experience, and what could be the catch of a low rental rate, says Ekaterina Volkova, director of the research department at ILM.

Over the past two years, there has been a shortage of new facilities in the office real estate market. This is due to the fact that, since 2011, many projects were frozen at the stage of receiving the GFZU, their construction was impractical due to high vacancy.

The pace of new construction continues to be influenced by the post-crisis situation. According to the results of two quarters of 2018, only 56 thousand sq.m. were commissioned, comparable with last year.

Increasing the base rate of value added tax (VAT) from 18% to 20% will lead to a slight increase in the cost of all processes, both during the construction phase and during the operation of the building, experts say.

ILM managing partner Andrei Lukashev notes that the developer’s profitability will decrease by about the same 2%.