Vacancy rate continues to decrease due to almost zero new completions volume

21,100 sq m of new office premises have been delivered in H1 2017 in Moscow, which is absolutely the lowest for over a last decade. 

* Office vacancy rate remains on the downwards trend reaching 15.4% by the end of Q2 2017 which is 0.5 ppts lower compared to the 2016 year end and 1.3 ppts lower compared to H1 2016. 

* Moscow office market demand has remained stable for the fourth semi-annual period indicating comparable take-up volumes. H1 2017 have experienced 530,400 sq m new leased and purchased for end-using purposes premises with just 4% lower compared to H1 2016