The share of vacant offices in Moscow fell to a ten-year low

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www.vsyako.netPhoto: Kirill Kallinikov / RIA Novosti

The volume of vacant office premises in the Russian capital by April 2019 fell to the lowest since 2008 values. About it it is spoken in materials of the consulting company JLL, arrived in edition “Tapes.ru”.

According to analysts, in the first quarter of this year in Moscow has commissioned a total of 27.5 thousand square meters of office real estate — a quarter less than in January — March 2018. Due to low volume of new construction, the share of vacant offices continued to decrease and reached ten percent below it was just before the 2008 crisis.

The cost of renting offices in the city is growing, experts state. In the first quarter of the asking rate at premium buildings amounted to $ 750 per square meter per year (no change) in the business And it increased by one percent to 24.4 thousand rubles per square meter per year in class B+ — has increased by almost four percent, to 17.6 thousand rubles per square meter per year.

“While the increase in average interest rates formed at the expense of scarce areas (areas with a minimum share of vacant offices — approx. “Of the tape.ru”), noted in JLL. In 2019 is expected to further increase rental rates which will gradually go beyond the Garden ring and the Moscow international business center “Moscow-city””.

At the end of 2018, Moscow was ranked the 26th place in the ranking of world cities with the most expensive offices. The average rent in the Russian capital reached a thousand dollars per square meter. The first places of the list went to Hong Kong, new York and London.

Video, photo All from Russia.

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