Consulting company RRG published a report on the vacancy offers of commercial real estate for rent in Moscow following the results of December 2013.
According to RRG research, last month about 3,24 of thousands of various commercial real estate properties were offered on the rental market. The total area of all of them was, according to experts, more than two million square meters. meters. The average rental rate in December 2013 compared to November last year remained virtually unchanged at 602 $ / sq. m / year.
The invariability of rental rates and the insignificance of changes in the supply volume testifies to the relative stability of the rental market, experts say. This may also be due to a slight decrease in business activity by the end of the 2013 year.
In December 2013, 745 trade objects were exhibited, the area of which reached 340 thousand squares. The number of properties offered for rent increased by 6%, and their total area - by 7%.
As for the center of the capital, 26 thousand square meters were exhibited here. meters, which is 17% lower in total area than in November. But the rental rate rose a month, amounting to 1977 $ / sq. m / year. RRG experts explained the growth rate due to an increase in the share of expensive facilities (up to 38% in December) with rates above 2000 $ / sq. m / year. Outside the center of Moscow, supply increased by 6%, the total area of leasable territories increased by 10%. Thus, the supply volume amounted to 656 premises with a total area of 314 thousand square meters. meters. The average rental rate for these facilities remained at the level of November and amounted to 903 $ / sq. m / year.
In the street retail segment, the volume of supply in December 2013 increased by 9% in terms of quantity and by 29% in terms of total area. In total, 272 objects with an area of 76 thousand squares were exhibited on the market during the month. Interestingly, only 43 objects were offered in the center of the First See, the rest was outside the Garden Ring.
The volume of supply in the center, compared to November, almost did not change in quantity and decreased by 4% in terms of total area. The average rental rate here was $ 2409 / sq. m / year. Market research outside the center of Moscow showed a quantitative increase in supply by 11%, and by 39% in total area. Such a significant increase in the total area is due to a number of factors, including the release of several large retail facilities. The average rental rate requested for street-retail objects outside Sadovy fell in December, amounting to $ 1032 / sq. m / year. RRG experts explain this decrease by a change in the supply structure: the share of expensive properties (with rates above $ 1 / sq. M / year) decreased from 000% in November to 40% in December.