Despite the stagnation of the market in Moscow recorded the highest rate for premium offices in Central and Eastern Europe — 690 euros per square meter per year. This is stated in the analytical report by Cushman & Wakefield.
The figure exceeds the figures for other cities in the region, while the decline in prices in 2014 in the Russian capital is estimated at 16.5 percent. According to analysts, the decline in rates occurred due to the lack of demand for expensive facilities: currently, transactions in the premium segment almost none.
In second place in the ranking of Istanbul with a rate of 497 euros per square meter per year.The three of leaders was closed by the kraków with a figure of 288 euros.
The price gap between Moscow and Istanbul is large enough at present the situation is stable, so by the end of 2016, the Russian capital is likely to remain in the first position, the report States.
Formerly The Tape.<url>” wrote that analysts called the offices of “lame ducks” of the real estate market of Moscow. During the year, the volume of space has declined by 35 percent, the vacancy increased by 14 percent.
