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Rental rates will rise due to land
22.01.2013 2192

Rental rates will rise due to land

Due to the revaluation of the cadastral value of land, rental rates for retail premises and offices in Moscow this year could increase by 20%.

According to the Kommersant newspaper, a new cadastral assessment of the city's land was approved at the end of last year. As a result, plots for the placement of retail objects have risen in price by an average of 40,4%, for office buildings - by 59%.

Most of all, the revaluation of lands affected the Central, Zelenograd, Eastern, South-Eastern and Southern districts of Moscow. For example, in the Central Administrative District, plots for trade have risen in price by 31%, to 103,9 thousand rubles. for 1 sq. m, for offices - by 63%, up to 104 thousand rubles. for 1 sq. m.

Experts of the Kommersant publication are sure that changes in the cadastral value will lead to an increase in rental rates, since the cost of land lease is calculated as a percentage of the cadastral valuation.

Due to the revaluation of the cadastral value of land, rental rates for retail premises and offices in Moscow this year may grow by ...
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