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The Challenge

In Spring 2015 Cushman & Wakefield was declared the winner of an open competitive tender on systematization, classification and structural analysis of Moscow office real estate market. The tender was announced by Moscow City Planning Policy Department early in October 2015. The task was to develop assessment methodology for office premises, a database on office schemes and monitoring technology to create the unified data pool that will aid in effective decision-making.

The Solution

Stage 1. At the opening stage of the project, Cushman & Wakefield presented Moscow office market review with dynamics of core indicators (vacancy rate, total stock, demand) and determined market trends. 

Stage 2. At the second stage the Project Team carried out in-depth analysis of Moscow commercial real estate, including A and B class office premises (addresses, total area, office area, functional organization of objects) basing on informational resources of MosGorBTI and Cushman & Wakefield analytics.

Stage 3. Then the team presented methodics to classify commercial real estate objects (multiuse centers, business centers etc.), comprising A and B class office premises by functionality and use.

Stage 4. At the final stage, Cushman & Wakefield Team proposed market monitoring technologies and recommendations to support city-planning decisions and realize balanced city-planning policy.

The Results

Cushman & Wakefield Team developed the instrument, which helps to understand the dynamics of Moscow commercial real estate market and make effective city-planning decisions.