20.02.2013 - Moscow's new office supply expected to exceed 2012 deliveries by 50% according to CBRE
According to CBREs latest office market report, the Moscow market was stable in 2012: the volume of new construction was 556,264 m, just 8% less than in 2011, with the volume of leasing deals at 1 million m (14% less than 2011). In 2013, CBRE expects the total volume of new supply in Moscow will total 860,000 m exceeding 2012 supply by 50%. Total take-up for 2012 was 1 million m a reduction of 14% on 2011 (1.18 million m), with take-up in 2013 expected to be comparable to 2011-2012 in the region of 1.1-1.2 million m.......................................Full Article: Source
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