Новости
According to the results of the first quarter 2012 an average rental rate on the primary commercial real estate market in Moscow has 10 per cent increased and made up 832 U.S. dollars per square meter a year (VAT and operating costs excluded). This is the rental rate for A class offices while the rate for B class offices is 704 U.S. dollars. The information is based on the survey of “Novoe kachestvo” (“New Quality”) company.
According to the analysts’ data sales prices are currently at the level of 10 750 U.S. dollars per square meter for A class commercial real estate and 6 170 dollars per square meter for B class offices. The prices for a square meter have also expanded for about 10 percent from January to March.
The rental rates on the secondary market by the end of March were 965 U.S. dollars per square meter for an A class office and 745 dollars for B class real estate. Last December the prices were 887 and 680 dollars respectively. Average sales prices are 13 450 dollars per sq.m in A class and 7 310 in class B (last December they were 12 400 and 6 710 respectively).
Some experts comment that the rise in dollar prices and rental rates is caused mostly by the fall of this currency exchange rate. Prices for commercial real estate in rubles didn’t change significantly in the first quarter 2012.
According to the review 172 000 sq.m of high-quality office areas were set in operation in the capital of Russia within 3 months. Thus the overall stock area of commercial real estate in Moscow formed 10, 738 million square meters at the end of December.
Experts expect that in the Russian capital there can be constructed about 720-800 thousand sq.m of commercial offices more by the end of the year including those available for renting of about 450-500 thousand sq.m.
The analysts of CBRE company remark high business activity of the tenants and customers on the market in the first quarter 2012. According to their information there were agreements concluded for approximately 200 000 sq.m during 3 first months of the year.