New Moscow office supply halves
Office & mixed-use developmentschedule 01 February 2016
RUSSIA App. 700,000 sqm of office space was completed in 2015 on the Moscow market, about two times less than the amount in 2014, according to JLL.
Another 700,000 sqm of new office space is likely to be completed in 2016 including 300,000 sqm of class 'A' space, which is comparable with the result of 2015. “Nonetheless, ongoing economic uncertainty is forcing many developers to adjust their construction plans by putting on hold projects in the early stage of construction and postponing planned projects, therefore we can't rule out that the actual amount of new supply in 2016 will be even less. Taking into account the sluggish constructio
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