News
Tuesday, 22.05.2012
News
Tuesday, 22.05.2012|
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News
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The new year is better than the old two
10.01.2012
Spotlight The indicators of 2011 became one of the most successful in the history of Russian commercial real estate market in general and Moscow in particular. The experts pay attention that this may be due to a fortunate coincidence of several factors. The first is the high solvency of market participants against the prices of commercial real estate which have still not reached pre-crisis indicators.
Warehouses
The warehouse segment has shown the most promising results: according to Knight Frank the amount of absorption is higher than 1 ml sq. m. Only 370000 sq. m were put into operation. The number of the vacant warehouses in the Moscow region today is not more than 0,6%. Vyacheslav Holopov from Knight Frank notes the increase of average rental rates in high-quality warehouse complexes of Moscow region till 130-135 dollars per sq. m.
The experts of Knight Frank expected the growth of rents in the II quarter 2012 an average of 140 dollars per sq. m a year.
Offices
The representatives of S.A. Ricci say that the market of office real estate has met new 2012 with moderate optimism. The volume of office rental transactions is growing, and the investors continue to show interest in buying commercial real estate. It is expected office market will increase 760000 sq. m against 660000 sq. m in 2011. The experts of the company underlined that these plans may also be reviewed, and terms of input of some objects can be moved to 2013.
One of the interesting trends - almost half of new office spaces in 2012 will be built in the wide area of the Third Ring Road. 13% - will be built in the historic center of the city. About 30% of office areas will be built in the Central administrative district of the capital. Another actively developing cluster will be the Northern Administrative District where will be placed in operation about 22% of the areas.
