Construction Bulletin

Журнал CRE #314 Декабрь2017
Entry of regional players to Moscow and St. Petersburg markets, with small Moscow-based companies simultaneously phasing down their business, massive industrial redevelopment and an increasingly higher profile of the public sector in the segment – the outgoing year is closing for Russian developers under the motto “slow and steady wins the race.”

As estimated by Colliers International, the year 2017 is distinguished by record low commissioning of new builds in key commercial real estate sectors. In the warehousing segment commissioning is at the level of 2011; in retail it’s the lowest in 10 recent years. The accrual of office space in Moscow in H1 2017 was the lowest in recent 20 years – the meager 95,000 sq. m. On the whole, the low rates of new project commissioning have a benign effect upon the market, balancing the deman...
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