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Alexey Kuchvalsky | Colliers | Moscow

Alexey Kuchvalsky

Regional Director | Occupier Advisors Department

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Featured Research

24 Nov 2021

2021 | Q3 | Russia | Moscow | Office

According to the results of Q1-Q3 2021, the total volume of Moscow's high-quality office supply reached 19.4 million sq m. Moreover, the volume of office buildings commissioned in Q3 2021 amounted to 51,000 sq m, which together with the commissioning for H1 2021 gives 497,600 sq m for the year so far. The new office supply came from the commissioning of four properties: Bolshevik, Phase II (GLA 17,300 sq m), Galaktion (GLA 17,200 sq m), Smolenskiy passage, Phase II (GLA 15,700 sq m), and the business center at 16 bldg10 Elektrolitny Ln (GLA 1,100 sq m). A slight decrease in vacant space for Q3 2021 (-0.1 p.p.) was caused by the lack of large office units. The current supply on the market is formed by small premises (average size of a vacant unit is 500 sq m), which are less in demand among tenants.
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