Research and market analysis department www.ilm.ru Moscow, 2 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 | Q2, 2017 Main indicators of the office market Moscow, 2 quarter 2017 The number of square meters Absorption in H1 of 2017 Vacancy rates as of the end Average asking base rents *Changes in each building of office space delivered in H1 2017 of Q2 of 2017* as of Q2 of 2017* class as compared to the end of Q1 of 2017 19,2% 16,6 % Class B- m 14 500 RUB 14,2 % Class B+ m 9,5 % 17 000 RUB m m 300 000 sq. Class A 57 000 sq.m Class A 24 500 RUB Class B+ 0 sq.m 89 000 sq. Class A Class B+ Class B- Average Class B- 0 sq.m 199 000 sq. 13 000 sq. Total 57 000 sq.m High vacancy rates in decentralized locations will continue to support the falling trend of the average asking rental rates The vacancy rate in Class A properties located in CBD. Rental rates in Class B+ has decreased by A offices for the first six months of 2017 have risen by 6%. This The office market continues to be driven by the post-crisis l ta increase can be explained by the changes in the structure of mood with regard to the new developments which are estimated 1.5 points Class Class B+ Class B- To the supply where more Class B+ spaces on the expensive side at 25% of what was supplied in the same period of 2016.