State and industrial companies began to return their employees to their offices in Moscow. In this respect Wrote The newspaper “Kommersant”, which refers to analysts and participants in the real estate market.
According to the forecasts of the development company Asterus, the volume of rental and purchase of office real estate in the capital in January-March this year will be 200,000 square meters, compared to 348,000 square meters in the previous year. Despite the decline in this indicator, analysts described this result as positive. They explained that deals are only created by new demand.
In 2022, 72% of the total transaction volume was provided by transfers from last year, now we are only talking about new transactions, continues from the article. Development company Stone Hedge noted that since the beginning of this year, the number of transactions with Class A offices (new business centers) in Moscow resulted in 35% more transactions than last year.
Remain CEO Dmitry Klapsha also noted the growth of business activity in the office market in the capital. He explained that the areas were previously bought and rented by companies that exhibited a wait-and-see attitude. According to Nikoliers Elena Medushskaya, deputy director of the office real estate department, state-owned companies, departments, IT and the industrial sector show the greatest interest.
However, NF Group partner Maria Zimina expects an increase in free space compared to the end of 2022. Denis Bobkov, head of the analytical department of Asterus, explained that the result is that foreign companies continue to leave Russia. According to him, by the end of 2023, the vacant space share in the Class A office segment may not exceed 10-12% in previous years, but may be around 20%. The expert believes that the demand of Russian companies will not be able to fully compensate for the mass exit of foreign companies.