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Q3 2018 | Russia | St. Petersburg | Office Market

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Net absorption in Q3 2018 reached the highest rate in the last year and amounted 34,800 sq m , while over the nine month period the rate amounted 78,200 sq m , with 70% of absorbed space being in Class A business centers. It is also worth noting that a significant part of the volume for this year is made up of projects that entered the market already occupied, in particular projects for own needs. In anticipation of the commissioning of the Lakhta Center, the largest and most expensive project for own needs in the entire history of the office real estate market, Gazprom Group once again took a leading position in the volume of Q3 2018 deals, returning to the top three in the first nine months.

Q3 2018 | Russia | St. Petersburg | Office Market

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