Lowest office take-up on Moscow market for 13 years

The total Moscow office market take-up since the beginning of the year was 298,000 sqm (46 pct of the same period in 2013). Analysts point out that the low number of completed deals was unexpected even in the current geopolitical situation. The low tenant activity is, on the other hand, influenced by the record volume of deliveries. A total of 323,700 sqm of office space was put into operation in Q2, making it the record quarter for the past four years. As the result the vacancy rate increased t