Real estate rent in the center of Moscow increased by 13% per quarter
Specialists of the RRG group of companies within the framework of the project “Consensus forecast of the dynamics of key economic indicators and indicators of the Moscow real estate market for the period from the IV quarter. 2011 to IV quarter. 2013 ”summed up the results of the 2012st quarter of XNUMX.
Analysts say that the market gave surprises, despite cautious forecasts of leading experts. The average rental rate of street-retail facilities within the Garden Ring, which, according to experts, should have remained virtually unchanged, increased by as much as 13%. According to RRG monitoring, by the end of March 2012, the rental price of 1 sq. M. Reached $ 2234 per 1 square meter per year against $ 1974 at the end of 2011.
Also, despite the forecasted 1%, the weighted average price of retail real estate (6%), the weighted average street-retail price within the Garden Ring (5%) and the average rental rate for office property inside the Garden Ring (5%) increased significantly.
Denis Kolokolnikov, Chairman of the Board of Directors of the RRG Group of Companies, considers the discrepancy between the real situation and the forecasts quite natural: “The first quarter is always characterized by significant market fluctuations. This is both a "failure" in January due to the New Year holidays, and a sharp revival of activity in February and March. Moreover, this year, all markets - and real estate is no exception - have been influenced by the political component. Before the elections and immediately after them, many owners of commercial real estate were in a hurry to carry out certain operations, fearing a change in the “rules of the game”.
As for the street-retail segment within the Garden Ring, the low volume of supply plays a huge role here. In such a narrow segment, the price may depend on the entry or exit from the market of literally one or two very expensive objects. Therefore, in the near future, it is quite possible to expect a correction in rates for this type of real estate, due to its volatility. " The site malls.ru writes about it.