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2019| H1 | Russia | Moscow | Office

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119,700 sq m of quality office space was commissioned by the end of H1 2019, which is almost three times higher than in the same period of 2018.

119,700 sq m of quality office space was commissioned by the end of H1 2019, which is almost three times higher than in the same period of 2018. Compared to last year, the vacancy rate decreased by 0.8% and reached 11.5% in Class A offices, while in Class B+/- the rate fell by 1.4% to 6.2%. The total volume of vacant space both in Class A and Class B+/- was 1.36 million sq m, where 0.49 million sq m was Class A space and 0.87 million sq m was Class B+/- space. 710,000 sq m of office space was leased and purchased during the first half of 2019. Leaders in the take-up of office space remained IT companies and retailers had a 28% share of new deals. For the half of the year, weighted average rental rates increased 1.2% to 26 635 rub/sq m/year. Class B+/- rental rates grew 2.2% to 13 989 rub/sq m/year.

2019| H1 | Russia | Moscow | Office

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