29.8 C
Moscow
Sunday, June 26, 2022
spot_img

Total supply up by 3.5%

(+133%) Offices Commissioning in St. Petersburg • Jan-Sep 2021/20

From January to September 2021, commissioning of offices in Saint Petersburg reached 131.2 thousand square meters. This represents a 133% increase of the new supply year-over-year.

The total amount of high quality office spaces on the St. Petersburg market reached 3.94 million sq. m, up by 3.5% in annual terms. Approximately 80 thousand sq. m currently are under construction and planned for commissioning by the end of this year.

The office real estate market is recovering strongly after the record lows of the 2020 pandemic year, successfully overcoming previous uncertainty and reduced developer activity. The market supply of new or renovated office spaces is a key factor shaping the market potential for professional office furniture, in short to medium terms. We are tracking this indicator more closely, including particular office buildings and business centers commissioned and under construction, within our extended Market Reports.

Related Articles

(−90%) Offices Commissioning in St. Petersburg • Jan-Mar 2022/21

From January to March 2022, commissioning of offices in Saint Petersburg reached 5 thousand square meters only, the record low for the last 10...

(+25%) Coworkings in St. Petersburg • Jan-Dec 2021/20

At the end of 2021, total supply of coworkings in Saint Petersburg reached 52.4 thousand square meters. This represents a 25% increase year-over-year. There are...

(+34%) Flexible Offices in Moscow • Jan-Dec 2021/20

At the end of 2021, the total supply of flexible office spaces, including coworkings, in Moscow reached 254 thousand square meters. This represents a...

LATEST MARKET STUDY

spot_img

COVID-19 CASES

Russia
192,476
Total active cases
Updated on 26.06.2022 13:39
18,418,881
Total confirmed cases
Updated on 26.06.2022 13:39
380,892
Total deaths
Updated on 26.06.2022 13:39
17,845,513
Total recovered
Updated on 26.06.2022 13:39

CURRENCY EXCHANGE RATES

RUB - Russian Ruble
EUR
60.9451
USD
58.3750

Latest Articles