The increase in supply was 3.7 times higher than during the similar period last year. During the year many companies have had enough time to get adapted to the new reality. The occupant activity is high.
IT traditionally remains the most vibrant business sector in terms of demand for office space (50%). Manufacturing companies (10%), banks and financial structures (10%) also play a significant role in the rental market.
Amid the grown activity of occupants, we do not expect the completion of construction on new large speculative office projects in the second half of 2023 to spur the vacancy rate: the average market vacancy indicator may sink by 1-2 p.p. till the year’s end, which might also lead to the upward correction of the asked rental rates in quality facilities.
- Home
- Research
Sign up to the latest market updates
Get cutting-edge market analysis from our research team
More reports
![H1 2024 | St. Petersburg | Office market](/upload/iblock/9e4/0t8fpybnwy11ervi6pwxrjq7i60135qc.jpg)
Open report
23.07.2024
H1 2024 | St. Petersburg | Office market
![Q1 2024 | St. Petersburg | Office market](/upload/iblock/330/35w31uuqlbr536v2mf5swckttutyite1.jpg)
Open report
23.04.2024
Q1 2024 | St. Petersburg | Office market
![Results 2023 | Moscow | Office market](/upload/iblock/6bf/8s1imb898bm0nk9lkxaeq3aey7or050v.jpg)
Open report
21.02.2024
Results 2023 | Moscow | Office market
![Results 2023 | Dubai | Office market](/upload/iblock/cb5/vg7e5ko7trw1njwiid7532ucwzfe544w.jpg)
Open report
21.02.2024
Results 2023 | Dubai | Office market
![2023 Results | St. Petersburg | Office Market](/upload/iblock/8e0/7bv7eyb5ej9wccjytgnurbu23emcfxod.jpg)
Open report
30.01.2024
2023 Results | St. Petersburg | Office Market
![Q3 2023 | Moscow | Office Market](/upload/iblock/d83/av0ajosrgyn22drcfgnlx4him0zlqyh4.jpg)
Open report
07.11.2023
Q3 2023 | Moscow | Office Market
![Q3 2023 | St. Petersburg | Office Market](/upload/iblock/09d/hkletayerqt6r57wagub1n8r9mhykqrq.jpg)
Open report
20.10.2023
Q3 2023 | St. Petersburg | Office Market
![H1 2023 | Moscow | Office Market](/upload/iblock/7ab/7fsykjqvl931pagltmhc347zpcjsotzr.jpg)
Open report
02.08.2023
H1 2023 | Moscow | Office Market
![QI 2023 | Moscow | Office market overview](/upload/iblock/91b/ukyf9qnuhi3uft47tzqbzzblw641kj9h.jpg)
Open report
05.05.2023
QI 2023 | Moscow | Office market overview
![2022 Results | Moscow | Office Market Overview](/upload/iblock/019/7igs8frgvabw89vkfpjdneu1loc090ny.jpg)
Open report
03.03.2023
2022 Results | Moscow | Office Market Overview
![2022 Results | St-Petersburg | Office Market Report](/upload/iblock/7ae/xubvk6jb3wc35vp771w5gfgbtle6t1eo.jpg)
Open report
23.01.2023
2022 Results | St-Petersburg | Office Market Report
![H1 2022 | Moscow | Office market overview](/upload/iblock/356/w10lmki52rzunflbb3d9g36o5lx7r3ij.jpg)
Open report
11.08.2022
H1 2022 | Moscow | Office market overview
1
\
12