Commercial and industrial real estate construction cost decreased by 5-20% compared to the highest figures of the previous year. The price per square meter, depending on the segments, now ranges from 45 thousand rubles to 150 thousand rubles, informs newspaper “Kommersant” referring to market participants.
The cheapest thing is the construction of warehouses. The cost of one “square” in this segment is estimated at 45-50 thousand rubles. It is stated that the highest prices in commercial and industrial real estates are determined in the A-class office category (buildings are usually located in the central districts of the city, as well as in prestigious new buildings and business centers).
“Developers’ costs are actually back to 2021 levels, down 5-20% from last year’s peaks. The average cost of building class A dry warehouses in Moscow and the region in April amounted to 50 thousand rubles. m per 1 square decreases by 20% from year to year <….> Now the construction of a warehouse costs 45-47 thousand rubles. m for 1 square, a shopping center – 80-100 thousand rubles, an A-class office – 120-150 thousand rubles ”consists of material.
On May 14, Kommersant newspaper, referring to market participants reportedIn May 2023 Moscow and St. It has been reported that commercial real estate markets in St. Petersburg are starting to recover gradually. One of the main reasons for this trend was the positive dynamics of traffic in shopping centers.