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2018 | Q3 | Russia | Moscow | Office Market

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94,500 sq m of class A and B +/- office space has been completed in Moscow since the beginning of 2018. 972,600 sq m were leased and purchased in the period from January to September 2018, which is 23% more than in the same period of 2017. The number of lease deals for large units measuring from 5,000 sq m to 10,000 sq m, increased 1.5 times compared to the same period of the previous year. Also, there were an increase in the number of transactions from 1,000 sq m to 5,000 sq m, which increased compared with the same period of the previous year by 35%. The decrease in the weighted average rental rate in some submarkets and the increase in others in Q3 is due to a change in the structure of vacant supply, as well as to the increased volatility of the ruble in this period. Despite the limited volumes of new supply and raised demand sale prices remained stable.

2018 | Q3 | Russia | Moscow | Office Market

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