RESEARCH AND CONSULTING DEPARTMENT www.blackwood.ru / E-mail: research@blackwood.ru tel: +7(495) 730 2000
COMMERCIAL REAL ESTATE MARKET OVERVIEW
In 2011, the post-crisis trend of the decrease of the delivery
volumes of high-quality areas remained in the office real estate
market. All in all, 620 thous.sq.m. entered the market in 2011.
Therefore, the aggregate volume of high-quality supply in the
office real estate market of the Moscow Region amounted to
about 11.3 mln.sq.m. by the end of 2011.
The activity in the rental and purchase market of high-quality
office premises was rather high during 2011, which caused the
decrease of the level of vacant premises against the background
of serious decline of delivery volumes. At the end of 2011 the
share of vacant premises in “A” class amounted to 10-12%, in
“B” class—12-13%.
The trend of a gradual recovery of demand for high-quality
office premises was preserved in 2011. The total volume of highquality
areas absorption for 2010 exceeded 700 thous.sq.m.
The rent of premises constituted 63% and the purchase of
premises constituted 37% of all the incoming requests to Blackwood
Company during 2011. Therefore, a gradual increase of
the share of requests for the purchase, which constituted 13%
for two years, cont…
