On Friday, 30 October, Cushman & Wakefield held the presentation of quarterly real estate market research – MARKETBEAT. The event was held with support of DSIPE of Moscow and state funded entity "Moscow small business".
Cushman & Wakefield analysts presented the research on the latest real estate market developments in Office, Retail, and Warehouse & Industrial sectors. Macroeconomics and capital market trends were delivered as well. Denis Sokolov, Partner and Head of Research at Cushman & Wakefield named industrial parks the prospective real estate format.
One of the key trends on office market is shift to ruble rates (vacancy level in class A is 14,43%, vacancy level in class B amounts to 31,12%). Construction activity on retail market remains robust, and key market indicators were stable during the whole of Q3. This year Warehouse & Industrial market proved to be most sustainable with take up volume of 75% higher than the average for the period in 2008-2014.
After massive re-pricing rental rates had stabilized, but business activity diminishes. We expect that major indicators will show the lowest values in Q1 2016. After that we will see some improvements both in leasing activity and rents.
Please find the full version of MARKETBEAT research on our web site: http://cwrussia.ru/netcat_files/93/38/2015_Q3_MarketBeat_RUS.pdf