Expert opinion

The rising cost of construction, borrowing, increased tax burden and operating costs make offices less interesting for investors. At the end of 2018, their delivery in Moscow decreased to a record low level, while the activity of tenants, by contrast, increased. In such conditions, the vacancy rate of the premises decreased, their rental rates increased, and the amount of discounts offered fell three times. These trends will only strengthen this year, the consultants are confident.

There is an unusual situation in the office real estate market - with record low commissioning of new facilities, there was a record demand. However, experts have found an explanation for this. The main thing is the tendency for the segment to begin to grow rapidly in the coming years. According to the deputy mayor of Moscow on urban planning and construction, Marat Khusnullin, investors are increasingly seeking permission to build xommercial real estate.

The movement of goods is impossible if there are no places to store it, so logistics becomes a factor that determines the current state of the business.

On March 20, a conference “Logistics of the Future: Reloading” was held in Krasnodar for professional market participants. The platform for business dialogue was organized by Ekbpromo Group. The main issues that were discussed at the meeting were the optimal conditions for the storage and retrieval of goods in the warehouse, as well as the use of modern processing technologies for everything that enters logistic complexes.

On October 14-15, the 7th annual Russia GRI 2013 Summit was held at Swissotel Red Hills in Moscow.

By tradition, there were no official reports or presentations at the summit. Discussions were held in an informal setting in small groups, where each participant was able to take an active part in the discussion. The summit was attended by top investors, developers and commercial real estate market leaders.

The total market for warehouse space in Russia currently exceeds 11 million square meters. The main share of the supply is concentrated in the Moscow region - about 60%, as well as in St. Petersburg and the Leningrad Region. Other cities in Russia account for 23% of the total stock of warehouse space.

ILM has summed up the results of the 3rd quarter of 2014 in the Moscow office real estate market. 2014 will be a record year for new construction in the past 5 years, while the level of vacant space in class A business centers has reached its maximum, exceeding the crisis figures for 2008–2009.

The leading seven consultants of the commercial real estate market adopted the International Standards for the quality of brokerage and consulting services (REABS - Real Estate and Brokerage Standards). Andrei Lukashev, Managing Partner of ILM, member of the RICS Council (Russia and CIS), MRICS, CCIM, SIOR, told in an interview with the editorial board of the Administrative Director magazine about how these standards will work in practice.

- Which REABS rule, in your opinion, can be most critically perceived by Russian brokers and consultants?

The sharp fluctuations in the course currency adversely affected the cost of renting offices. Tenant companies whose rental rates were fixed in dollars in the lease agreement have significantly increased rental rates since the beginning of the year. It is quite obvious that in the current economic situation, the question of reducing the cost of renting offices is quite acute, so tenants are ready to enter into negotiations with the owners on the subject of transferring rental payments from dollars to Russian currency.

Margarita Zayeva - Director of the Department of Retail Real Estate at ILM, talks about the ideal shopping center for generations X and Y.

Today in Russia there are more than 500 modern shopping centers, but how many of them fully cover the needs of customers? Ten? Five? No one? The answer to this question is not as obvious as it seems at first glance.

It is safe to say that today the main consumers of goods and services are people of two generations: X and Y.

On January 14, the three-day VIII Gaidar Forum completed its work. The event was attended by leading Russian and foreign experts, politicians, economists, scientists, representatives of the business community. The forum was devoted to discussing the current socio-economic situation, priority projects of the Government, incentives and obstacles to economic growth, attracting investment and other relevant issues.