Quarter 3 2017
  • 08/04/2019 - 11:25

The volume of growth in new supply for three quarters reflects a further decrease in the pace of new construction. In just nine months of 2017, less than half of the same period last year was introduced.

According to our expectations, by the end of the year no more than 230 thousand square meters will be introduced into the market. Thus, the total volume of new construction for the whole of 2017 will not exceed 380 thousand square meters. m and again update the anti-record among similar values ​​of the past 11 years in the office real estate market in Moscow.

The total volume of net absorption increased by 167 thousand square meters. m, and following the results of nine months, by 60% surpassed the indicator for the same period of 2016. The largest volume of the net indicator for the 3rd quarter was recorded in class B + objects. Due to a considerable number of transactions, the total net absorption for the three quarters by the end of September amounted to 311 thousand square meters. m

Over the past three months, net absorption exceeded the volume of new construction by 78%, which led to a further decrease in the level of vacant space. During the quarter, the vacancy rate on average in the market decreased by 0.4 percentage points. Compared with the beginning of the year, the indicator decreased by 1.9 percentage points The largest decline compared with the beginning of the year was recorded in class B + objects, the difference was 3.8 percentage points

During the last half of the year, the average base rent rates requested have stabilized. Compared with Q2 in the last three months, the average rental rate has undergone some fluctuations depending on the class.

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The volume of growth in new supply for three quarters reflects a further decrease in the pace of new construction. In just nine months of 2017, less than half of the same period last year was introduced.

According to our expectations, by the end of the year no more than 230 thousand square meters will be introduced into the market. Thus, the total volume of new construction for the whole of 2017 will not exceed 380 thousand square meters. m and again update the anti-record among similar values ​​of the past 11 years in the office real estate market in Moscow.

The total volume of net absorption increased by 167 thousand square meters. m, and following the results of nine months, by 60% surpassed the indicator for the same period of 2016. The largest volume of the net indicator for the 3rd quarter was recorded in class B + objects. Due to a considerable number of transactions, the total net absorption for the three quarters by the end of September amounted to 311 thousand square meters. m

Over the past three months, net absorption exceeded the volume of new construction by 78%, which led to a further decrease in the level of vacant space. During the quarter, the vacancy rate on average in the market decreased by 0.4 percentage points. Compared with the beginning of the year, the indicator decreased by 1.9 percentage points The largest decline compared with the beginning of the year was recorded in class B + objects, the difference was 3.8 percentage points

During the last half of the year, the average base rent rates requested have stabilized. Compared with Q2 in the last three months, the average rental rate has undergone some fluctuations depending on the class.

Вложение Moscow office market overview Q3 2017_e-mail.pdf Изображение Год 2017 Квартал Quarter 3 Property Type Office