GVA Sawyer Group, member of international association GVA Worldwide, has been active on the Russian commercial property market since 1993 to provide a full range of services and solutions in development, investment, project management, consulting and brokerage
Offered space: 3 floor: 658 sq.m (403,8 sq.m, 255,4 sq.m),4 floor: 614,9 sq.m (366,8 sq.m, 248,2 sq.m)
Offered space:
871,7 sq.m
Statistics and forecasts
Office real estate market
According to the results of 1HQ 2010 the aggregate supply of quality office spaces (class A and B+/B-) amounted to 10,8 sq m. In 1H 2010 there were commissioned 513,8 000 sq. m of office spaces, what is 2,2 times lower than in previous year. According to GVA Sawyer’s prognosis, a slight growth of basic market share is expected in 2Q 2010.
Retail real estate market
Against a backdrop of sustained retreat in consumer demand, the shops of low-average price segment become popular tenants in shopping centres. These shopping centres have stable volume due to low check but an increased amount of sales.
Hotel real estate market
According to the results of Q2 2010 the quality supply in the Moscow hotel market, formed by 3-5* hotels, constitutes less than half of the room stock - 46% (19.3k rooms). Therefore, we can already say that the increase of quality hotel real estate input in 2010 is notably higher than similar rates for previous years. According to GVA Sawyer’s estimates, around 3,4k rooms shall be commissioned during 2010-2011, thus the total volume of quality room stock shall be more than 20k rooms by 2012.
Residential real estate market
The first quarter of 2010 is characterized by the first signs of market recovery. The prices in residential real estate market show a small growth. This is connected with seasonal factors and market recovery as a whole. Besides, mortgage deals have their positive influence on the demand dynamics.
