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Whether you're a recent graduate or an experienced property professional, we can provide limitless opportunities for your career development. People are the foundation upon which our success is built. Our people are free to expand their skills and knowledge to drive their careers and reach their full potential.
We are always looking for new faces to join our diverse, high-calibre teams. We want people at all levels of knowledge and experience, who think creatively and collaborate successfully both internally and with clients.
331,000 sq m of warehouse space was delivered in Q1 2014. This is twice more compared to Q1 2013.
In Q1 we witnessed some downward pressure on demand, triggered by known macroeconomic and geopolitical events. As a result, demand in Q1 was weaker than expected. Nonetheless, this pressure did not become critical for the market balance.
Rental rates reflected a bit nervous reaction of some developers on the increased uncertainty: for some properties rental rates decreased y 7-9%, or USD 10-15.
Leningradsky Business District grants easy access to the city’s major thoroughfares: Garden Ring, Third Transportation Road, MKAD as well as to international airport Sheremetievo.
Growing decentralization trend adds to popularity of the submarket among tenants.
The majority of all class A offices beyond TTR is located in Leningradsky BD.
Active office development in the area. In 2014 around 150,000 sq m is announced for delivery.
Despite office stock growth in Leningradsky BD in 2014, vacancy rate is expected to decrease, due to high demand.
New office buildings that are under construction will be delivered with tenant-oriented infrastructure.
Due to the limited number of options for large tenants inside the GR, new class A business centers in Leningradsky BD will become a perfect option for tenants looking for large offices with city center level of infrastructure and service at lower rents.
4 new quality shopping malls were delivered in Q4. Two of them were specialized ones (furniture centers). Total volume of commissioned trade space resulted in 262 thous. sq m of new supply in 2013
900,000 sq m of quality retail areas is announced to be delivered in 2014 year. According to our estimates not all the projects are expected to be commissioned in announced time period, and completions volumes may amount to 600,000 sq m. Modern retail space penetration rate may reach the level of 430 sq m per 1000 inhabitants that is close to the level of Berlin and Wien
Moscow still remains very attractive for international retailers. In 2013 33 new international brands came to the market