Key Market Indicators. Supply. Total Stock 2.88 million sq m Vacancy rate 8.7% Class А 1.13 million sq m Class В 1.75 million sq m

Size: px
Start display at page:

Download "Key Market Indicators. Supply. Total Stock 2.88 million sq m Vacancy rate 8.7% Class А 1.13 million sq m Class В 1.75 million sq m"

Transcription

1 thousand Key Market Indicators Total Stock 2.88 million Vacancy rate 8.7% Class А 1.13 million Class В 1.75 million Completions volume ,100 Class А 6.3%, Class В 10.3% Weighted average rental rate, Class A RUB//month* 1,353 Net absorption volume ,215 Weighted average rental rate, Class B RUB//month* 984 * Hereinafter rental rate includes OPEX and exclude VAT. Supply The key trend of the office market in 2017 was reconstruction of existing outdated buildings, the share of which in speculative supply has returned to growth (4 in the total volume of new office spaces available in the market). Moreover, this figure is expected to grow in the upcoming year. The reconstruction primarily affected Class B office spaces in areas within the city centre. The total volume of speculative supply during the year was 116,100 which is 2 less than this figure a year before when we observed a large volume of new non-speculative (end-user) construction. Business centres commissioned after reconstruction in 2017 NAME DISTRICT CLASS GLA, SQ M Petrovsky Dvor Petrogradskiy B 2,354 MFK NEVKA Vyborgskiy B 3,100 Senator, Bolshaya Morskaya, 15 Admiralteyskiy A 4,508 Ponomarev-Center Admiralteyskiy A 8,600 ReForma Staroderevenskaya Primorskiy B 12,900 Chkalovskiy 50 Petrogradskiy B 13,300 Total volume of completions this year has achieved a ten-year minimum. Herewith, all new supply that entered the market in 2017 was intended for rent. Office space completions New supply by purpose Speculative completions % Non-speculative completions 6% Rent Sale Owner occupied 39% 11% 1

2 Demand Net absorption in 2017 fell to a fresh 8-year minimum accounting for 123,215. The main volume of absorption took place in 2017, when quality office blocks with occupancy were commissioned (BC Graffiti). In 2017, the share of companies operating in the IT sector gained an advantage over the energy sector for the first time in six years, having made up 42% of the total demand volume against 16% that relates to the five-years-leaders energy sector companies. The largest leased deals (over 2,500 ) in the office segment were negotiated in Graffiti, Chkalovskiy 50, Moskovskiy 151 and Moskovskiy 94 (around 14,000 in total). The leadership position of the IT sector in the total volume of closed transactions as well as the decrease in net absorption can partly be explained by the low activity on the part of energy companies in the office market in Financial companies and banks enhanced their activity year-on-year. Companies operating in the consulting and professional service sector were effective in terms of expansion, relocation and new leases. Basically, 4 of demand in 2017 was made up of Сlass A offices. On the back of the high volume of business centres under reconstruction and the reduction of available new supply, 6 of all deals closed in 2017 accounted for reconstructed office buildings. Deals breakdown by segment (GLA) Deals breakdown by the city district (GLA) 2% 7% 11% 14% 21% 3 As last year, the office space most in demand was that varying from 100 to 500 and companies operating in professional services were the most active in obtaining it. Despite the IT cluster leasing large office blocks, the largest deal in 2017 (over 8,000 ) went to the energy sector. The volume of large office leasing transactions (> 5,000 ) has a downward trend due to the shortage of available space for lease. Deals breakdown by leased area (GLA) Centralniy Moskovskiy Petrogradskiy Admiralteyskiy Vyborgskiy Primorskiy Kalininskiy Vasileostrovskiy Other % Other Public authorities Manufacturing Retail Development, engineering Financial companies and banks IT&T Pharmacy and life science Professional services Energy and resources < ,000-2,000- >5,000 1,000 2,000 5,000 2

3 2 Обзор рынка офисной недвижимости III квартал 2017 Санкт-Петербург Colliers International

4 RUB//month Vacancy rate and commercial terms The volume of quality business centres commissioning in 2017 was the lowest in the last 10 years. The average market vacancy rates are also showing a downward trend, particularly in Class A. Recently commissioned properties showed the occupancy rate of not less than 6. The largest ones Renaissance Business Park (GLA 20,940 ) and Graffiti (GLA 13,970 ) entered the market fully occupied already. Moskovskiy district registered the lowest vacancy rate (4%) by the end of 2017 due to the high demand of this business district. The increase of weighted average rental rates in 2017 was no more than 2%. However, this indicator does not provide an insight into the real situation in particular districts and quality business centres. Despite a slight increase in average requested rental rates, the situation in particular business districts and quality business centres is quite different. Class B offices prevailed among the leaders of rate growth in As for districts, Moskovskiy and Centralniy are in the lead followed by Petrogradskiy and Admiralteyskiy. In certain quality business centres, the growth in rental rates reached 1, while the average growth in high quality business centres is on average 1 from the beginning of the year. Rent rates Class A Class B Although this year was marked by minimum absorption, the vacancy rate remains low on the back of decreasing new supply delivered to the market. Modest grow of vacancies in Class B offices at the end of the year was due to new supply in the market in the second half of this year. 984 Vacancy in Class A and B business centres Class A Trends and forecast Class B 10,3% 6,3% In the upcoming year, there will be a well-preserved low volume of speculative development (around 102,000 GLA announced without Lahkta Center). In new supply, the share of reconstruction projects will remain stable and is likely to grow further. An increasing demand for large office blocks and its shortage in the market will create a trend for office space revision. The re-conception of offices is likely to be associated with organising special areas for company s business processes. Rental relationships will move towards a more flexible approach: tenants will take a leading role in the whole process, particularly in terms of the redevelopment of working spaces. We can expect increasing interest in co-working spaces, agile-offices and open-space offices together with the growing share of the IT-cluster in the volume of demand. New projects will be announced, especially within either redevelopment areas or as a part of multifunctional complexes. Several companies have already announced the development of new projects. Amongst the announcements are the following: Adamant Holding (mixed used complex Varshavskiy Express-2), Tesla (business centre on 24th line V.O,15/2) and CJSC «Avielen A.G.» (new business centre as a part of AIRPORTCITY St. Petersburg). 4

5 396 office in 68 countries on 6 continents USA: 153 Canada: 29 Latin America: 24 Asia Pacific: 79 EMEA: 111 $2.6 billion in annual revenue 170 million under management 15,000 professionals and staff Colliers International Russia 10 Presnenskaya Embankment BC Naberezhnaya Tower, block C, 52 floor Moscow, Russia Volynsky Lane BC Northern Capital St. Petersburg colliers.ru colliersdom.com Moscow: Nikolay Kazanskiy Managing nikolay.kazanskiy@colliers.com Vladimir Sergunin vladimir.sergunin@colliers.com Stanislav Bibik stanislav.bibik@colliers.com Anna Nikandrova anna.nikandrova@colliers.com Eleonora Bogdanova Regional Director, Warehouse & Industrial Department eleonora.bogdanova@colliers.com Amel Djerroudi Executive Director, Project Management & Building Consultancy Department amel.djerroudi@colliers.com Vera Zimenkova Regional Director, Corporate Solutions & Occupier Advisors vera.zimenkova@colliers.com Vladislav Nikolaev Regional Director, Strategic Consulting Department vladislav.nikolaev@colliers.com Dmitry Romanov Regional Director, Valuation Department dmitry.romanov@colliers.com Olga Bakulina Regional Director, Marketing & PR Department olga.bakulina@colliers.com Veronika Lezhneva Director, Analytical Department veronika.lezhneva@colliers.com St. Petersburg: Andrey Kosarev Managing Director andrey.kosarev@colliers.com Anna Sigalova Director, Investment Services Department anna.sigalova@colliers.com Igor Temnyshev Director, Occupier Advisors & Office Department igor.temnyshev@colliers.com Alexey Lazutin Director, Warehouse & Industrial Department alexey.lazutin@colliers.com Vasiliy Dovbnya Director, Consulting Department vasiliy.dovbnya@colliers.com Vladislav Semenov Director, Valuation Department vladislav.semenov@colliers.com Elizaveta Conway Director, Residential Department elizaveta.conway@colliers.com Vladimir Kalichava Head, Retail Tenant Representation Department vladimir.kalichava@colliers.com Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry leading global real estate services company with more than 15,000 skilled professionals operating in 68 countries. Colliers International opened their office in Russia in Today, the offices in Moscow and St. Petersburg have more than 250 employees. Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation; customized research; and thought leadership consulting. Colliers professionals provide a comprehensive range of professional consulting services for developers: a full range of exclusive and co-exclusive professional consulting services for residential real estate projects from sales/purchases of land plots for residential construction to the development of sales concepts, brokerage and marketing. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm. Colliers International in Russia is a member of the Guild of Property Managers and Developers (GUD), the Russian Council of Green Building and the Russian Council of Shopping Centres (RCSC), as well as the Russian Managers Association. Copyright 2018 Colliers International The information contained herein has been obtained from sources deemed reliable. While every reasonable effort has been made to ensure its accuracy, we cannot guarantee it. No responsibility is assumed for any inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of the material contained in this report.

ST. PETERSBURG OFFICE MARKET Year-End Review 2016

ST. PETERSBURG OFFICE MARKET Year-End Review 2016 ST. PETERSBURG OFFICE MARKET Year-End Review 216 KEY MARKET INDICATORS 215 216 Total stock, million 2.49 2.76 > Class A.95 1.7 > Class B 1.54 1.69 Completions, thousand 179 262 Net absorption, thousand

More information

Key Market Indicators

Key Market Indicators Key Market Indicators Q3 Q3 Q3 2018 Total stock, million sq m 2.66 2.84 3.08 Class A 1.03 1.11 1.16 Class B 1.63 1.73 1.92 Completions, thousand sq m 8.4 48.9 24.5 Net absorption, thousand sq m 47.1 19

More information

Office. Moscow. Supply. Key market figures, H Top 5 largest buildings completed in H Dynamics of take-up and completions, thousand m 2

Office. Moscow. Supply. Key market figures, H Top 5 largest buildings completed in H Dynamics of take-up and completions, thousand m 2 Office. Moscow Key market figures, 214 Supply INDEX VLUE Total stock, million m 2 15. Grade 3. Grade B 12. Take-up, m 2 51, Net absorption, m 2 161, Vacancy rate, % 11.5 Grade 25. Grade B 8.2 Prime Headline

More information

NORTH-WEST WEST PROPERTY DEVELOPER AREA, M 2

NORTH-WEST WEST PROPERTY DEVELOPER AREA, M 2 Industrial. Moscow Key market figures in 014 INDEX VALUE Total stock, million m 10.93 Completions, million m 1.7 Take-up, million m 1.0 Vacancy rate, % 6.3 Average rental rate, RUB/m /year* 4,500 Average

More information

Office market review MOSCOW OFFICE Q Supply. Key market figures. Completions, thousand m² of GLA. Largest buildings completed in Q3 2015

Office market review MOSCOW OFFICE Q Supply. Key market figures. Completions, thousand m² of GLA. Largest buildings completed in Q3 2015 MOSCOW OFFICE 25 Office market review Supply The total supply of high-quality business centers in Moscow has reached 6.4 million m² in 25. Since the beginning of 25, the volume of the existing premises

More information

Vacancy Increased Slightly During the First Quarter

Vacancy Increased Slightly During the First Quarter Research & Forecast Report STOCKTON SAN JOAQUIN COUNTY OFFICE Q1 2016 Vacancy Increased Slightly During the First Quarter > Vacancy rates have been steadily declining since the fourth quarter of 2011.

More information

OFFICE MARKET MOSCOW Q Key market indicators. Supply

OFFICE MARKET MOSCOW Q Key market indicators. Supply MOSCOW Q1 218 OFFICE MARKET Key market indicators Q1 216 Q1 217 Q1 218 Completions, thousand sq m 63 21 37 Take-up, thousand sq m 185.7 139.2 322.9 Vacancy rate, % Class A 21.9 17. 13.1 Class В+/- 1.9

More information

Homestretch: Office Market Set to Finish Strong

Homestretch: Office Market Set to Finish Strong Research & Forecast Report RENO OFFICE Q3 2016 Homestretch: Office Market Set to Finish Strong >> Vacancy drops significantly the largest drop quarter over quarter in 2016 >> Rental rates are not increasing

More information

Soft Land Market in 2017

Soft Land Market in 2017 Research & Forecast Report LAND Q4 217 Soft Land Market in 217 > > Land sales in 217 fell behind 216 > > A lack of large sales at Apex brought the average price per square foot up > > Strong development

More information

Land Sales Lighter in Third Quarter

Land Sales Lighter in Third Quarter Research & Forecast Report LAND Q3 216 Land Sales Lighter in Third Quarter > > While land sales are up in 216 overall, they decreased in the third quarter Economic Indicators > > Apex continues to dominate

More information

Office Market Continues to Improve

Office Market Continues to Improve Research & Forecast Report LAS VEGAS OFFICE Q3 2016 Office Market Continues to Improve > > Southern Nevada s office market is improving at a steady rate > > Net absorption has been positive in twelve of

More information

Shrinking Supply Continues To Push Rates

Shrinking Supply Continues To Push Rates Research & Forecast Report STOCKTON SAN JOAQUIN COUNTY OFFICE Q1 2017 Shrinking Supply Continues To Push Rates > Office inventory: 8,221,819 > Vacancy: 10.5 percent > Net absorption: 49,103 year-to-date

More information

Vacancy Edges Lower in Fourth Quarter

Vacancy Edges Lower in Fourth Quarter Research & Forecast Report FAIRFIELD OFFICE Q4 Vacancy Edges Lower in Fourth Quarter > > Office Inventory: 5,067,112 > > Current Vacancy: 14.2% > > Net Absorption: 63,610 The vacancy rate for office space

More information

Caution: Vacancy Increases Ahead

Caution: Vacancy Increases Ahead MARKET REPORT DISTRICT OF COLUMBIA OFFICE Fourth Quarter 2016 Caution: Vacancy Increases Ahead Market Indicators Q4 2016 2017 (Projected) NET Despite year-to-date negative absorption, the Washington, DC

More information

2018: A Ground Breaking Year

2018: A Ground Breaking Year Research & Forecast Report STOCKTON SAN JOAQUIN COUNTY OFFICE Q4 2017 2018: A Ground Breaking Year > Office inventory: 8,527,819 > Vacancy: 10.6 percent > Net absorption: 310,934 year-to-date The Northern

More information

Red Hot Rents & Cooling Vacancy

Red Hot Rents & Cooling Vacancy Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q3 2017 Red Hot Rents & Cooling Vacancy > > Office Inventory: 16,926,446 Square Feet > > Vacancy: 12.9 percent > > Net absorption: (380,946) Square

More information

VACANCY COMPLETIONS RENTAL RATE. *Projected $1.70. Vacancy Rate 14.9% 14.4% $1.60 $1.50 $1.40 $1.30 $1.20

VACANCY COMPLETIONS RENTAL RATE. *Projected $1.70. Vacancy Rate 14.9% 14.4% $1.60 $1.50 $1.40 $1.30 $1.20 Research & Forecast Report RENO OFFICE Q4 A Good Year Overall > Building sale prices are significantly higher than. > Seven buildings over 40,000 sf sold in, more than in previous years. > Many large office

More information

Medical Takes a Sick Quarter

Medical Takes a Sick Quarter Research & Forecast Report LAS VEGAS MEDICAL OFFICE Q3 2015 Medical Takes a Sick Quarter > > After two quarters of growth, the medical real estate sector stalled in the third quarter of 2015 > > Asking

More information

Sharper fall in office rents and capital values

Sharper fall in office rents and capital values Research & Forecast Report SINGAPORE OFFICE Q1 2016 Sharper fall in office rents and capital values Joanna Chen Manager, Research and Advisory The office market faces a critical juncture in the next few

More information

MANHATTAN OFFICE 2017

MANHATTAN OFFICE 2017 Research Report MANHATTAN OFFICE 2017 Accelerating success. % $ ± Market Indicators Full Year 2016 Full Year 2017 Y-O-Y Change AVAILABILITY RATE 10.3% 10.0% -0.3pp AVERAGE ASKING RENT ($/SF/YR) $73.24

More information

Switching Gears NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators

Switching Gears NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q4 2017 Switching Gears > > Office Inventory: 16,926,446 square feet > > Vacancy: 14 percent > > Net absorption: (562,879) square feet, year to date

More information

The Industrial Market Cooled Off in Q1

The Industrial Market Cooled Off in Q1 Research & Forecast Report Long Island industrial MARKET Q1 2016 The Industrial Market Cooled Off in Q1 Rose Liu Director of Finance & Research Long Island Takeaways > > Long Island industrial market slowed

More information

Quick Absorption of Newly Constructed Office Buildings

Quick Absorption of Newly Constructed Office Buildings Research & Forecast Report CHARLESTON, SC OFFICE Q3 2016 Quick Absorption of Newly Constructed Office Buildings Bryana Mistretta Research Coordinator South Carolina Key Takeaways >> The Interstate 526

More information

Leasing Activity Ticked Up with A Large Upswing of Absorption

Leasing Activity Ticked Up with A Large Upswing of Absorption Research & Forecast Report LONG ISLAND INDUSTRIAL MARKET Leasing Activity Ticked Up with A Large Upswing of Absorption Rose Liu Director of Finance & Research Long Island Takeaways > > The outlook of the

More information

OFFICE MARKET MOSCOW Q Key market indicators. Supply

OFFICE MARKET MOSCOW Q Key market indicators. Supply MOSCOW Q1 2018 OFFICE MARKET Key market indicators Q1Q 2016 Q1Q 2017 Q1Q 2018 Completions, thousand sq m 274.4 95.7 94.5 Takeup, thousand sq m 809.2 789.2 972.6 Vacancy rate, % 1.7 11.2 9.2 Class A 18.5

More information

New Construction Offers Hope to Larger Users

New Construction Offers Hope to Larger Users Research & Forecast Report PLEASANTON TRI-VALLEY INDUSTRIAL Q3 2017 New Construction Offers Hope to Larger Users > Vacancy rates in the Tri-Valley industrial market are now down to a record 0.9 percent

More information

The Office Market Feels The Heat in Q2

The Office Market Feels The Heat in Q2 Research & Forecast Report RENO OFFICE Q2 2017 The Office Market Feels The Heat in Q2 >>All major office submarkets have decreased vacancy and positive absorption this quarter >>The overall vacancy decreased

More information

Low Vacancy Stimulates New Developments

Low Vacancy Stimulates New Developments Research & Forecast Report LAS VEGAS MULTIFAMILY Q3 2015 Low Vacancy Stimulates New Developments > > Multifamily vacancy dipped below 5 percent in the third quarter of 2015 ELECTRIC Meter Hookups NEW HOME

More information

Industrialists and landlords to brace for challenges in 2016

Industrialists and landlords to brace for challenges in 2016 Research & Forecast Report SINGAPORE INDUSTRIAL Q1 2016 Industrialists and landlords to brace for challenges in 2016 Doreen Goh Associate Director, Research and Advisory Leasing activities in the industrial

More information

2.8% 2.0% $811M. 2017: A Solid Year for the Metro Denver Office Sector HIGHLIGHTED METRO DENVER OFFICE. Market Report Q ECONOMIC TRENDS

2.8% 2.0% $811M. 2017: A Solid Year for the Metro Denver Office Sector HIGHLIGHTED METRO DENVER OFFICE. Market Report Q ECONOMIC TRENDS Market Report METRO DENVER OFFICE Q4 2017 2017: A Solid Year for the Metro Denver Office Sector MARKET OVERVIEW Denver s office market finished 2017 with strong positive absorption during the fourth quarter

More information

Office Market Heats Up as Temperatures Cool

Office Market Heats Up as Temperatures Cool Research & Forecast Report RENO OFFICE Q3 2017 Office Market Heats Up as Temperatures Cool >>Vacancy decreased to 11.8% >>Positive net absorption of 36,041 square feet >>Construction is imminent with limited

More information

Everything Old is New Again

Everything Old is New Again MARKET REPORT OFFICE Second Quarter 2016 Everything Old is New Again Market Indicators Q2 2016 2017 (Projected) While the global economy remains on its Jekyll and Hyde path, the District s commercial real

More information

Multifamily Stable and Expanding

Multifamily Stable and Expanding Research & Forecast Report LAS VEGAS MULTIFAMILY Q3 2017 Multifamily Stable and Expanding > > Multifamily vacancy decreased to 3.0 percent in the second quarter of 2017 Economic Indicators > > No new projects

More information

+48.6 million sf office inventory

+48.6 million sf office inventory Research Market Report METROPOLITAN MILWAUKEE OFFICE 2018 Quarter 1 Research Wisconsin Introduction Following a strong second half of 2017, 2018 had a slow start. Despite an increase in vacancy and negative

More information

Greenville defies the nationwide trend of retail closures

Greenville defies the nationwide trend of retail closures Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON, SC RETAIL Q3 2017 Greenville defies the nationwide trend of retail closures Crystal Baker Research Coordinator South Carolina Key Takeaways >

More information

Has The Office Market Reached A Peak? Vacancy. Rental Rate. Net Absorption. Construction. *Projected $3.65 $3.50 $3.35 $3.20 $3.05 $2.90 $2.

Has The Office Market Reached A Peak? Vacancy. Rental Rate. Net Absorption. Construction. *Projected $3.65 $3.50 $3.35 $3.20 $3.05 $2.90 $2. Research & Forecast Report OAKLAND METROPOLITAN AREA OFFICE Q1 Has The Office Market Reached A Peak? > > Vacancy remained low at 5. > > Net Absorption was positive 8,399 in the first quarter > > Gross

More information

Landlords Getting Aggressive

Landlords Getting Aggressive Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON SOUTH CAROLINA OFFICE Q2 2017 Landlords Getting Aggressive Ron Anderson Vice President of Administration South Carolina Key Takeaways > > Landlords

More information

Stronger Office Market Looking Into Future

Stronger Office Market Looking Into Future Research & Forecast Report Long Island OFFICE MARKET Q2 2015 Stronger Office Market Looking Into Future Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B Long Island economic and

More information

The Improvement of the Industrial Market

The Improvement of the Industrial Market Research & Forecast Report Long Island industrial MARKET Q2 2015 The Improvement of the Industrial Market Rose Liu Research & Financial Analyst Long Island Takeaways The overall economy on Long Island

More information

Industrial Estate Sector

Industrial Estate Sector Research & Forecast Report Jakarta Industrial Q1 2016 Accelerating success. Industrial Estate Sector Industrial land sales tapered off with most high performing industrial estates reporting that sales

More information

Testing the Waters. ST. LOUIS OFFICE Second Quarter Research & Forecast Report. Market Indicators Q Q Q FORECAST

Testing the Waters. ST. LOUIS OFFICE Second Quarter Research & Forecast Report. Market Indicators Q Q Q FORECAST Research & Forecast Report ST. LOUIS OFFICE Second Quarter 2017 Testing the Waters In the second quarter 2017, an increasing number of Class A office property owners have begun testing the waters and placing

More information

Strengthening Market Fuels Investment Opportunities

Strengthening Market Fuels Investment Opportunities Research & Forecast Report GREENVILLE, SC OFFICE Q3 2016 Strengthening Market Fuels Investment Opportunities Bryana Mistretta Research Coordinator South Carolina Key Takeaways >> Investment sale opportunities

More information

Strong Industry and Robust Development Benefit Industrial Market at Mid-Year 2016

Strong Industry and Robust Development Benefit Industrial Market at Mid-Year 2016 Research & Forecast Report NASHVILLE INDUSTRIAL 2nd Quarter 2016 Strong Industry and Robust Development Benefit Industrial Market at Mid-Year 2016 2Q 2016 Summary > > The tightening market coupled with

More information

Legal Industry: Bigger No Longer Better

Legal Industry: Bigger No Longer Better MARKET REPORT DISTRICT OF COLUMBIA OFFICE First Quarter 2017 Legal Industry: Bigger No Longer Better After a strong end to 2016, leasing activity in the beginning of 2017 started with a whimper. Just two

More information

Key Market Indicators. Supply. Demand

Key Market Indicators. Supply. Demand milliom sq m thousand sq m number of objects Key Market Indicators Total stock 17.2 million sq m Completion 74,6 sq m Vacancy rate 11.2% Take-up 423, sq m Rental rates in Class A* $44/sq m/year, in Class

More information

Office Market Remained Steady in Q4

Office Market Remained Steady in Q4 Research & Forecast Report Long Island OFFICE MARKET Q4 2015 Office Market Remained Steady in Q4 Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B Continuing the momentum, the Long

More information

LUTON Investor Information

LUTON Investor Information LUTON Investor Information LUTON Investor Information LUTON OVERVIEW Credited as one of the country s top five most affordable towns and one of the fastest growing areas for business and regenerative growth,

More information

RALEIGH-DURHAM MULTIFAMILY Q Unprecedented Investment Sales Crush All-Time Records in Research & Forecast Report.

RALEIGH-DURHAM MULTIFAMILY Q Unprecedented Investment Sales Crush All-Time Records in Research & Forecast Report. Research & Forecast Report RALEIGH-DURHAM MULTIFAMILY Q4 2015 Unprecedented Investment Sales Crush All-Time Records in 2015 Market Indicators Relative to prior period - Q4 2014 - Q4 2015 Emily Bostic Research

More information

The Rise of the Gold Coast

The Rise of the Gold Coast Research & Forecast Report Long Island OFFICE MARKET Q1 2015 The Rise of the Gold Coast Rose Liu Research & Financial Analyst Long Island Takeaways Class A & B In the first quarter of 2015, Long Island

More information

WAREHOUSE MARKET REPORT

WAREHOUSE MARKET REPORT H1 2017 WAREHOUSE MARKET REPORT HIGHLIGHTS The total warehouse stock delivered in H1 2017 fell by one half to 135,500 sq m year on year. The Q2 vacancy rate came up to 11.7% about 1.5 million sq m in absolute

More information

Quiet Start to Second Half of 2017

Quiet Start to Second Half of 2017 Research & Forecast Report PLEASANTON TRI-VALLEY OFFICE Q3 Quiet Start to Second Half of > The vacancy rate for the Tri-Valley continued its downward slope closing the quarter at 10.0 percent > Weighted

More information

Changing of the Guard

Changing of the Guard Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q1 2018 Changing of the Guard > > Office Inventory: 16,931,340 square feet > > Vacancy: 14.5 percent > > Net absorption: (88,606) square feet year-to-date

More information

RALEIGH-DURHAM MULTIFAMILY MIDYEAR Demand at an All-Time High, Skyrocketing Same-Unit Rents. Research & Forecast Report.

RALEIGH-DURHAM MULTIFAMILY MIDYEAR Demand at an All-Time High, Skyrocketing Same-Unit Rents. Research & Forecast Report. Research & Forecast Report RALEIGH- MULTIFAMILY MIDYEAR 2015 Demand at an All-Time High, Skyrocketing Same-Unit Rents Market Indicators Relative to prior period VACANCY Raleigh-Durham JAN 2015 Raleigh-Durham

More information

New and improved approach to retail

New and improved approach to retail Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON, SC RETAIL Q4 2017 New and improved approach to retail Crystal Baker Research Coordinator South Carolina Key Takeaways > > Rents remain stable

More information

Investor Activity Spurs New Opportunities

Investor Activity Spurs New Opportunities Research & Forecast Report GREENVILLE ANDERSON SOUTH CAROLINA OFFICE Q1 017 Investor Activity Spurs New Opportunities Bryana Mistretta Research Coordinator South Carolina Key Takeaways > > Activity from

More information

NEW RECORD HIGH Condominium pre-sales reach historical high, but slower launches threaten 2019 take-up

NEW RECORD HIGH Condominium pre-sales reach historical high, but slower launches threaten 2019 take-up Joey Roi Bondoc Manager Research Philippines +632 858 9057 Joey.Bondoc@colliers.com NEW RECORD HIGH Condominium pre-sales reach historical high, but slower launches threaten 2019 take-up Summary & Recommendations

More information

>What constitutes a. Big Box Vacancy Decreases for First Time in Two Years. CHICAGO BIG BOX First Quarter Research & Forecast Report

>What constitutes a. Big Box Vacancy Decreases for First Time in Two Years. CHICAGO BIG BOX First Quarter Research & Forecast Report Research & Forecast Report CHICAGO BIG BOX First Quarter 018 Big Box Vacancy Decreases for First Time in Two Years Craig Hurvitz Vice President Chicago The vacancy rate for the Chicago market s big box

More information

Solid Fundamentals Keep Nashville Industrial Market Competitive in 1Q

Solid Fundamentals Keep Nashville Industrial Market Competitive in 1Q Research & Forecast Report NASHVILLE INDUSTRIAL 1st Quarter Solid Fundamentals Keep Nashville Industrial Market Competitive in 1Q 1Q Summary >> Nashville s industrial vacancy rate increased slightly in

More information

Market Demands More Investment Product

Market Demands More Investment Product Research & Forecast Report CHARLESTON INVESTMENT Q2 2016 Market Demands More Investment Product Bryana Mistretta Research Coordinator South Carolina Key Takeaways > > Investors are seeking opportunities

More information

Gaining Traction Gradually in 2018

Gaining Traction Gradually in 2018 Research & Forecast Report RENO OFFICE Q1 2018 Gaining Traction Gradually in 2018 >> Overall vacancy increased slightly to 12.3% >> Negative net absorption of 13,792 square feet >> Rental rates remained

More information

RALEIGH-DURHAM MULTIFAMILY Year End 2017

RALEIGH-DURHAM MULTIFAMILY Year End 2017 Research Report -DURHAM MULTIFAMILY Year End 2017 Multifamily Growth Expected to Continue in 2018, Despite a Moderate Decrease in Permitting Totals Emily Bostic Research Analyst Raleigh-Durham Key Takeaways

More information

CZECH REPUBLIC RESEARCH & FORECAST REPORT Q Accelerating success.

CZECH REPUBLIC RESEARCH & FORECAST REPORT Q Accelerating success. CZECH REPUBLIC RESEARCH & FORECAST REPORT Accelerating success. RESEARCH & FORECAST REPORT CZECH REPUBLIC PRAGUE OFFICE PROPERTY MARKET SUPPLY METRIC KEY OFFICE FIGURES MEASURE Total Stock 2,773,296 m

More information

STABLE OCCUPANCY DESPITE RAMPED UP SUPPLY

STABLE OCCUPANCY DESPITE RAMPED UP SUPPLY COLLIERS QUARTERLY RESIDENTIAL MANILA Q3 2018 20 NOVEMBER 2018 Joey Roi Bondoc Manager Research Philippines +(632) 858 9057 Joey.Bondoc@colliers.com STABLE OCCUPANCY DESPITE RAMPED UP SUPPLY Summary &

More information

Q Knight Frank OVERVIEW. EXECUTIVE Summary. Saint Petersburg

Q Knight Frank OVERVIEW. EXECUTIVE Summary. Saint Petersburg OVERVIEW Q3 2011 Knight Frank EXECUTIVE Summary Positive trends presented in the warehouse real estate market of in H1 2011 were also noticed in Q3 2011. Thus, rental rates continued to grow after a certain

More information

Raleigh-Durham Demand Finally Catching Up With New Supply; More Deliveries to Come

Raleigh-Durham Demand Finally Catching Up With New Supply; More Deliveries to Come Research Report RALEIGH-DURHAM INDUSTRIAL Q1 2018 Raleigh-Durham Demand Finally Catching Up With New Supply; More Deliveries to Come Key Takeaways > > The demand for industrial space in the Raleigh-Durham

More information

RALEIGH-DURHAM MULTIFAMILY. Multifamily Remains a Smart Play; Triangle Demographics Sustain Demand. Research & Forecast Report.

RALEIGH-DURHAM MULTIFAMILY. Multifamily Remains a Smart Play; Triangle Demographics Sustain Demand. Research & Forecast Report. Research & Forecast Report RALEIGHDURHAM MULTIFAMILY MidYear 2018 Multifamily Remains a Smart Play; Triangle Demographics Sustain Demand Ed Finley Research Analyst RaleighDurham Market Indicators Relative

More information

Weighing Options NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators

Weighing Options NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q4 2018 Weighing Options > > Office Inventory: 16,966,736 square feet > > Vacancy: 15 percent > > Net absorption: (35,823) square feet, year to date

More information

Greenville is a tenant s market

Greenville is a tenant s market Research & Forecast Report GREENVILLE SPARTANBURG ANDERSON SOUTH CAROLINA OFFICE Q2 2018 Greenville is a tenant s market Crystal Baker Research Coordinator South Carolina Key Takeaways > > Large blocks

More information

RALEIGH-DURHAM OFFICE Q1 2017

RALEIGH-DURHAM OFFICE Q1 2017 Research & Forecast Report RALEIGH-DURHAM OFFICE Q1 2017 Office Market Remains Stable During First Quarter 2017; Class A Market Continues to Peak Emily Bostic Research Analyst Raleigh-Durham Market Indicators

More information

Overall Industrial Market Off to Solid First Quarter; Flex Market Rebounding

Overall Industrial Market Off to Solid First Quarter; Flex Market Rebounding Research & Forecast Report RALEIGH-DURHAM INDUSTRIAL Overall Industrial Market Off to Solid First Quarter; Flex Market Rebounding Emily Bostic Research Analyst Raleigh-Durham Key Takeaways > > The Triangle

More information

Holding Steady NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators

Holding Steady NORTH I-680 CORRIDOR OFFICE Q % Research & Forecast Report. Market Indicators Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q2 2018 Holding Steady > > Office Inventory: 16,998,288 Square Feet > > Vacancy: 14.5 percent > > Net absorption: 25,027 square feet year-to-date

More information

Opportunities Continue to Elude Users

Opportunities Continue to Elude Users Research & Forecast Report PLEASANTON TRI-VALLEY INDUSTRIAL 2018 Opportunities Continue to Elude Users > Tri-Valley industrial market vacancy inched upward to 1.5 percent > The weighted average asking

More information

Research Market Report METROPOLITAN MILWAUKEE OFFICE 2017 Quarter 3. Introduction. Research Wisconsin. Market Indicators

Research Market Report METROPOLITAN MILWAUKEE OFFICE 2017 Quarter 3. Introduction. Research Wisconsin. Market Indicators Research Market Report METROPOLITAN MILWAUKEE OFFICE 2017 Quarter 3 Research Wisconsin Introduction NORTHWEST With one of the biggest investments made by a foreign company to the United States, Q3 started

More information

Executive Summary. Overview DUBAI HOUSE PRICE INDEX: QUARTER ON QUARTER Q / Q4 2015

Executive Summary. Overview DUBAI HOUSE PRICE INDEX: QUARTER ON QUARTER Q / Q4 2015 Dubai House Price Index Fourth Quarter 2015 Index Points Index Points Executive Summary Overview DUBAI HOUSE PRICE INDEX: QUARTER ON QUARTER The overall quarterly index registered a 3% decrease in Q4 2015,

More information

OFFICE MARKET REPORT RESEARCH. Saint Petersburg HIGHLIGHTS

OFFICE MARKET REPORT RESEARCH. Saint Petersburg HIGHLIGHTS 2017 OFFICE MARKET REPORT Saint Petersburg HIGHLIGHTS The level of vacant office space remained within 7-8% during the year 2017, going down less than 1 p. p. by the end of the year if compared to 2016.

More information

Dubai House Price Index First Quarter 2016

Dubai House Price Index First Quarter 2016 Dubai House Price Index First Quarter 2016 Index Points Index Points Executive Summary Overview DUBAI HOUSE PRICE INDEX: QUARTER ON QUARTER The overall quarterly index registered no major change in Q1

More information

2018: The Year of Office Sales

2018: The Year of Office Sales Research & Forecast Report RENO OFFICE Q4 2018 2018: The Year of Office Sales >> Multiple significant office sales over 10,000 square feet >> Large blocks of space returned to the market increasing vacancy

More information

Nashville the #5 Market to Watch in 2019

Nashville the #5 Market to Watch in 2019 Research & Forecast Report NASHVILLE INDUSTRIAL 4 th Quarter Nashville the #5 Market to Watch in 2019 Industrial Market The industrial real estate sector is currently undergoing one of the greatest expansionary

More information

Surging Rents Carry the North I-680 Corridor

Surging Rents Carry the North I-680 Corridor Research & Forecast Report NORTH I-680 CORRIDOR OFFICE Q3 2018 Surging Rents Carry the North I-680 Corridor > > Office Inventory: 16,967,009 Square Feet > > Vacancy: 15.4 percent > > Net absorption: (103,748)

More information

Industrial Estate Sector

Industrial Estate Sector Research & Forecast Report Jakarta Industrial Q4 Accelerating success. During, only one industrial estate in Bekasi added to the supply of industrial land with 20 additional hectares. Nevertheless, a large

More information

Oh Midsize Spaces, Where Art Thou?

Oh Midsize Spaces, Where Art Thou? Research & Forecast Report RENO INDUSTRIAL Q1 2018 Oh Midsize Spaces, Where Art Thou? > > Vacancy decreased to 5.38% > > 919,515 square feet of Gross Absorption > > Industrial land is becoming the next

More information

Diamond Hall А Midland Development 61,500 38,000. Linkor B Agrostroy 62,040 31,256. Leipzig B Leipzig Fashion House 17,893 17,893

Diamond Hall А Midland Development 61,500 38,000. Linkor B Agrostroy 62,040 31,256. Leipzig B Leipzig Fashion House 17,893 17,893 Office Sector Q1 2011 was characterized by a relatively low amount of commissioned office space, vacancy rate reduction, and stabilization of rental rates. At the same time, Moscow was number one in terms

More information

Office Leasing and Investment

Office Leasing and Investment MARKET Report Hamburg Q1-Q2 217 Office Leasing and Investment Accelerating success. Reception Colliers International Hamburg GmbH Hamburg StatiSticS Population 1,861, Expanse Employees Paying Social Security

More information

With Low Vacancy, What Is Next?

With Low Vacancy, What Is Next? Research & Forecast Report PLEASANTON TRI-VALLEY INDUSTRIAL Q3 With Low Vacancy, What Is Next? > Vacancy rates continue to fall, reporting 5.4 percent for the third quarter. > Asking rates climb to $0.72

More information

The Woodlands office submarket snapshot

The Woodlands office submarket snapshot Gosling Rd. Research Snapshot THE WOODLANDS OFFICE Q2 218 office submarket snapshot Lisa Bridges Director of Market Research Houston Once again, office submarket performed well over the quarter, posting

More information

After a one-year pause new warehouse properties for rent entered the market, all of them were delivered in H

After a one-year pause new warehouse properties for rent entered the market, all of them were delivered in H RESEARCH 2012 Saint Petersburg Knight Frank HIGHLIGHTS After a one-year pause new warehouse properties for rent entered the market, all of them were delivered in H1 2012. Vacancy rates have achieved its

More information

MARKET OUTLOOK MOSCOW & SAINT PETERSBURG

MARKET OUTLOOK MOSCOW & SAINT PETERSBURG MARKET OUTLOOK MOSCOW & SAINT PETERSBURG Asset management department March 207 The results of Q 207 MARKET STATE : The key rate has decreased to 0% from 9,75% (from 27 march 207). For the period Jan-Feb

More information

Vacancy Rates Hit All-Time Low in Northern Nevada

Vacancy Rates Hit All-Time Low in Northern Nevada Research & Forecast Report RENO INDUSTRIAL Q3 2018 Vacancy Rates Hit All-Time Low in Northern Nevada > > Vacancy is at an all-time low for the market at 4.86% > > A strong quarter for gross and net absorption

More information

Moscow Industrial Big Box MarketView H1 2013

Moscow Industrial Big Box MarketView H1 2013 Moscow Industrial Big Box MarketView H1 213 CBRE Global Research and Consulting NEW SUPPLY 137,22 SQ M PRIME RENTAL RATES $14 / SQ M / YEAR VACANCY 1,6% HOT TOPICS More than 7, sq m of class A warehouses

More information

RALEIGH-DURHAM OFFICE

RALEIGH-DURHAM OFFICE Research Report RALEIGH-DURHAM OFFICE Q2 2018 Accelerate Success Triangle Continues to Grow, Future Office Deliveries Expected to Drive Leasing Activity Kelsey Rogers Research Analyst Raleigh- Key Takeaways

More information

CANADIAN RECOVERY REMAINS FRAGILE

CANADIAN RECOVERY REMAINS FRAGILE Q3 OFFICE COLLIERS INTERNATIONAL MARKET REPORT WATERLOO REGION ONTARIO Waterloo Region Well-Positioned for 11 O QUEBEC Ottawa Waterloo Region Toronto Montré Burlingto CANADIAN RECOVERY REMAINS FRAGILE

More information

SHANGHAI GRADE A OFFICE MARKET UPDATE Q3 2018

SHANGHAI GRADE A OFFICE MARKET UPDATE Q3 2018 COLLIERS QUARTERLY Peng Jiang Senior Manager Research East China +86 21 6141 355 Peng.Jiang@colliers.com OFFICE SHANGHAI Q3 218 2 OCTOBER 218 SHANGHAI GRADE A OFFICE MARKET UPDATE Q3 218 Summary & Recommendations

More information

Sleepy Close to 2017 PLEASANTON TRI-VALLEY OFFICE Q % Research & Forecast Report Market Indicators

Sleepy Close to 2017 PLEASANTON TRI-VALLEY OFFICE Q % Research & Forecast Report Market Indicators Research & Forecast Report PLEASANTON TRI-VALLEY OFFICE Q4 Sleepy Close to > Tri-Valley vacancy reported 10.4 percent, up slightly from the previous quarter > Weighted average asking rents remained flat

More information

Office Leasing and Investment

Office Leasing and Investment Market report Munich Mid-year report 215 Office Leasing and Investment Accelerating success. Office Leasing Munich Statistics Population 1,5,56 Unemployment Rate 4.4 % Employees Paying Social Security

More information

Research & Forecast Report New Zealand Workplace Report. Occupational trends across New Zealand. Accelerating success.

Research & Forecast Report New Zealand Workplace Report. Occupational trends across New Zealand. Accelerating success. Research & Forecast Report New Zealand 14 Workplace Report Occupational trends across New Zealand Accelerating success. Introduction In the seventh edition of our biennial CBD office workplace report,

More information

A tight Columbia market may lead to office transformation

A tight Columbia market may lead to office transformation Research & Forecast Report COLUMBIA, SC OFFICE Q3 2018 A tight Columbia market may lead to office transformation Crystal Baker Research Coordinator South Carolina Key Takeaways > > The Columbia office

More information

1July 2018 Region. Research & Forecast Report Colliers International SOFIA OFFICE MARKET OVERVIEW H1 2018

1July 2018 Region. Research & Forecast Report Colliers International SOFIA OFFICE MARKET OVERVIEW H1 2018 SOFIA OFFICE MARKET OVERVIEW 1July 2018 Region Research & Forecast Report Colliers International H1 2018 2 SOFIA 19% 13% 22% 27% 59% 60% HIGHLIGHTS Class A Class B For more information: www.officemap.bg

More information

RESIDENTIAL MARKET REPORT Saint Petersburg H research HIGHLIGHTS

RESIDENTIAL MARKET REPORT Saint Petersburg H research HIGHLIGHTS research H1 2014 HIGHLIGHTS By the end of H1 2014, the average supply price on the new-builds market of prime residential real estate amounted to 10,253 $/sq m. Considering the volatility of US dollar,

More information

Industrial Market Review

Industrial Market Review Q1 2012 industrial Stockton San JoAquin County, California research & forecast Report Industrial Market Review Momentum built-up from 2011 carried the industrial market into its fifth consecutive quarter

More information

residential market report Saint Petersburg q research HiGHliGHts

residential market report Saint Petersburg q research HiGHliGHts research q1 2014 HiGHliGHts By the end of Q1 2014, the average price on the new-builds market of prime real estate was 10,248 $/sq m. Considering the volatility of the dollar over the period, this value

More information