During the first half-year of 2024 three new facilities were added to the office market of Saint Petersburg, namely K-37, Lakhta Plaza and Crystal Palace – with the aggregate gross leasable area of 19,200 sq m. Notwithstanding, there are no vacant premises in K-37 and Lakhta Plaza office centres.

High tenant activity still causes the shrinking of vacant office space in all districts of the city, despite the rollout of new facilities to the market. The most radical reduction of vacant office space was recorded in Kalininsky district due to Tinkoff leasing Ferrum II business centre in its entirety.

Interest in leasing and buying office buildings will remain high, both for the sake of capital preservation and as part of company consolidation and expansion processes. Several deals, currently at the final stage of negotiations, are expected to be signed till the year's end.