21.1 C
Moscow
Sunday, August 7, 2022
spot_img

Total supply up by 1.7%

(−96%) Offices Commissioning in Moscow • Jan-Mar 2022/21

From January to March 2022, commissioning of offices in Moscow reached 13.4 thousand square meters only. This represents a 95.7% decrease of the new supply year-over-year.

The total amount of high quality office spaces on the Moscow market reached 17.6 million sq. m, up by 1.7% in annual terms. Of this volume, 29% are class “A”, while the remaining 71% are class “B”.

As to the vacancy rate at the end of the quarter, this indicator reached 9.8% in the offices of class “A” and 5.8% in those of class “B”.

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
290,603
Total active cases
Updated on 07.08.2022 19:33
18,712,699
Total confirmed cases
Updated on 07.08.2022 19:33
382,741
Total deaths
Updated on 07.08.2022 19:33
18,039,355
Total recovered
Updated on 07.08.2022 19:33

CURRENCY EXCHANGE RATES

RUB - Russian Ruble
EUR
61.6159
USD
60.5250

Latest Articles