Quarter 4 2014
- 18/03/2019 - 11:04
The volume of new construction in 2014 reached its maximum in the last 5 years. During the twelve months 1.4 million sq.m. were put into operation.
At the end of 2014 the total volume of net absorption, showing the change of tenant-occupied office space, amounted to 745 thousand sq.m. Under the influence of the economic crisis and geopolitical tension we see a decline in demand from tenants.
The excessive supply was formed in Moscow office real estate market. According to December results, the share of vacant office space in average amounted to 15,5%. The volume of new supply is almost 2 times higher than
Net absorption. Supply of vacant office space in A Class exceedes the crisis levels of 2008-2009 and reached its maximum at 26%.
Share:
