Research department and market analysis www.ilm.ru Moscow, 1 quarter 2017 Office market report 6 Presnenskaya nab., Building 2 Imperia Tower, Moscow City, Moscow, Russia +7 495 287 06 00,
[email protected] Office market report Main indicators | 1 quarter, 2017 Main indicators of the office market Moscow, 1 quarter 2017 Net absorption of office space Vacancy rate* Average asking base rents The first 3 months have seen Q1 2017 zero supply, which is the record lowest supply for the last 10 years 19.4 % m 17.9 % Class B- 13 000 rub. 14.8 % Class B+ m 9.7 % 16 000 rub. m 148 000 sq. m 36 000 sq. 25 500 rub. Class B+ Class B- Average 106 000 sq. 5 000 sq. The first quarter of 2017 has seen zero new supply, which has become an anti record for the last 10 years of collecting and tracking the total net absorption became positive and reached 5,000 square down market data. The total number of square meters of new office meters in Q1 of 2017. 148 space in 2017 is expected to be the lowest and will not exceed The decrease of the new space delivery continues to impact the thousand sq.m 450,000 square meters as announced by the developers. The largest l market calibrating the balance between demand and supply. In projects, however, will continue to be pushed back, and the new ta by the end of Q1 net absorption has made the beginning of the year vacancy rates have dropped by 0.9 points supply may actually turn out to be even lower.