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2020 | Russia | Moscow | Office Market

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The autumn market activity after the spring and summer lockdown could not fully restore transaction indicators: the total take-up volume in 2020 showed the lowest result over the past four years. 

Companies are reducing occupied spaces and optimising offices, which led to an increase in the vacancy rate by 3 p.p. for the last year: from 5.6% to 8.2%. The additional availability is formed from subleases, that added approximately 1 pp to the total vacancy rate in the office market. However, this indicator may go higher value due to the lack of market transparency.

At the beginning of the last year, we expected the commissioning of 360,000 sq m by the end of 2020. However, the market was replenished by only 224,000 sq m. Half of the new supply was completed in Q4 2020.

The total volume of demand over the past year was 1,016,000 sq m, which is 37% lower than the indicator for 2019 (1,621,000 sq m).


2020 | Russia | Moscow | Office Market

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Related Experts

Natalia Bonnelye (Dementieva)

Director | Occupier Advisors Department

Moscow

I started my carrer in Real Estate in 2001 as  a  Head of Development projects in a constraction and development company  Investcapstroy, GK MGSN, Moscow. My duties were:

  •  Managed team of 7 employees
  • Managed 2 real estate projects from the launch till investment selling: Multifunctional complex on Novoslobodskaya str. - 13 000sqm and Office building on Lobachevskogo str. - 3000sqm.
  • Organized tenders of subcontractors
  • Managed work with real estate brokers and agencies
  • Developed and implemented marketing and advertising campaigns on projects, conducted presentations for brokers and clients

In 2006 I joined   Knight Frank, Moscow where I worked till 2018. My career path was from Consultant to Associate Director in Offices Department.  My duties were:

  • Worked with Key developers and clients, personally know the management of the companies.
  • Pitches and presentations – won 11 exclusive and co-exclusive contracts of about 500 000sqm: Nagatino i-Land, DiamondHall, RigaLand, Midland Plaza Arbat, RossoRiva, CityPoint, Danilovsky Fort, Schepkina 51, VivaldiPlaza, SkyLight, Ocean Plaza. Concept development of these multifunctional complexes.
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  • Managed tenders to select a facility management company for the building’s owners
  • Consulting on the organization of service and hybrid spaces, coworking
  • Managed team - training, motivation, plan execution
  • Searched for new projects, building relationship with the owners and clients, signing the contracts
  • Worked-out Marketing & Sales campaigns of real estate projects, held presentations for media and clients
  • Self-closing deals – from cold call to property tours, meetings, negotiations and sale or lease contract signing

In February 2019 I joined the team of Colliers in Moscow as Director, Occupier Advisors.  

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Olga Bakulina

Regional Marketing & PR Director

Russia

2014 - at present. Regional Marketing & PR Director. Colliers Russia

2013 - 2014. Marketing & PR Director. Colliers, Moscow office

2008 - 2013. Marketing & PR Director. Knight Frank, Moscow office

2007 - 2008. Deputy Head of Marketing & PR, Cushman & Wakefield, Moscow office

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Vera Zimenkova

Regional Director | Corporate Solutions Department

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At my current position I am responsible for creation and implementation of workflow schedule for my team, formulating goals and targets, authouring recommendations, leading key meetings with clients.

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Veronika Lezhneva

Director | Analytical Department

Russia

‚Äč14 years of professional experience, including 12 years of real estate research in the leading consulting companies.

2006-2008: regional analytic in Russian-based development company. Scope of work included retail analysis in Russian cities and preparation of the strategy for land acquisition in regional cities for retail purposes.

2008-2013:  I started as a senior analyst in Jones Lang LaSalle St. Petersburg, created and headed research department, that focused on office, retail and warehouse research. In 2010 - promoted to Associate Director.

Since May 2013 I'm heading newly created Research department in Colliers St. Petersburg, covering six fields of analysis: retail, office, industrial, elite residential, hotel, and investments.

Since beginning of 2016 heading Research department Colliers Russia.

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Francois Nonnenmacher

Director | Occupier Representation Department

Moscow

Francois joined Colliers at the start of 2005 and has over 15 years of experience in the Russian Real Estate market.  His combined experience of the office solution and real estate business provides him with valuable insights into the whole office cycle process.  His core competencies include deal sourcing, analysis and transaction management.

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Polina Bobrova

Senior Analyst | Analytical Department

Moscow

I have 3 years of experience in CRE, working in leading consulting companies.

2018-2019: I started my professional career by joining Jones Lang LaSalle as a Junior Analyst in Research Department.  My responsibilities included analysis of data reflecting the current state of supply and demand in the commercial real estate market as well as the results of the activities of different departments of the company.

2019-2021: I widened my knowledge of the real estate by transferring as a Consultant to the Corporate Solutions Department inside JLL. I attracted new clients and represented  occupiers during negotiations.

Since January 2021 I am a part of Colliers Team as a Analyst in Analytical Department.  

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