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H1 2016 | Russia | St. Petersburg | Office Market

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In H1 2016, the St. Petersburg office market increased by 160,000 sq m in 13 office buildings. As a result, by the end of H1 2016, the total supply of office space in St. Petersburg amounted to 2.65 million sq m. The volume of available space in St. Petersburg quality office buildings amounted to 10.5% at the end of H1 2016. The average rental rate in Class A office building was equal RUB1,254/sq m/month, including operating expenses and excluding VAT, average rental rate in class B was equal RUB910/sq m/month, including operating expenses, excluding VAT at the end of H1 2016.

H1 2016 | Russia | St. Petersburg | Office Market

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