Moscow has long predicted a shortage of offices

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www.vsyako.netPhoto: Alexander Koryakov / Kommersant

The shortage of office space will be in Moscow until 2022. This was stated to journalists by the head of Department of office real estate consulting company Knight Frank Konstantin Losyukov, reports RIA Novosti.

By the end of 2019 in the capital will be put into operation little more than 400 thousand square meters of offices of classes A and b — three times more than in 2018, said the expert. But the volume of net absorption of office space will reach 675 thousand “squares” (plus 11 per cent to the figure of 2018).

“The vacancy rate in the office segment falls in classes A and b, it decreased in 2019 by about two percentage points, to 12 and 9 percent, respectively — said Losyukov. — Now on the office market people are moving to pre-lease agreements, as to find space harder”.

Earlier in November it became known that over the past year, the purchase price per square meter of offices in Russia increased by 24 percent, rental rate of office real estate grew by 41 percent. In Moscow “square” of such real estate is, on average, almost 203 thousand rubles.

Video, photo All from Russia.

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