The first quarter of 2013 saw the largest volume of new-build office space open in Moscow for two years, according to new research from CBRE.
The first quarter of 2013 saw the largest volume of new-build office space open in Moscow for two years, according to new research from CBRE.
The first quarter volume of new supply reached nearly 260,000 m2 - a year-on-year increase more than the double the 111,000 m2 recorded in the first three months of 2012.
The new CBRE Moscow Office MarketView also notes that Q1 2013 saw both the first new Class A office building and first mixed-use complex open in central Moscow for two years.
The city’s overall vacancy rate rose slightly in the same period to 12% - up from the 11% recorded in Q4 2012.
PropertyEU's latest CEE Investment Briefing update takes places at CBRE's headquarters in London on the morning of Friday, 26 April 2013.
