06.08.10
CB Richard Ellis Moscow published a new Office MarketView as of H1 2010. According to the report, the volume of deals closed in H1 2010 in Moscow office market rose by almost 40% compared with H1 2009 and reached 855,500 sq m. During H1 2010, 355,000 sq m of new space was delivered to the Moscow office market (the delivery volume in H1 2009 was 1.1 mln sq m). By the end of Q2 2010 vacancy rate was registered at 16% as strong demand coupled with limited delivery caused the decrease of vacant space amount on the market.
The report shows that most of landlords are offering indexation in the agreements either fixed, or CPI. Indexation of leases actually means increase of effective rate on the market, which can lead to increase of asking rates in the mid term.