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2017 | Year-end Review | Russia | St. Petersburg | Office Market

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The key trend of the office market in 2017 was reconstruction of existing outdated buildings, the share of which in speculative supply has returned to growth (40% in the total volume of new office spaces available in the market). Total volume of completions this year has achieved a ten-year minimum. Herewith, all new supply that entered the market in 2017 was intended for rent. In 2017, the share of companies operating in the IT sector gained an advantage over the energy sector for the first time in six years, having made up 42% of the total demand volume against 16% that relates to the five-years-leaders – energy sector companies.

2017 | Year-end Review | Russia | St. Petersburg | Office Market

Download Report