Moscow : Office market - 2014

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The economic crisis that hit Russia in 2014 impacted strongly on the office market in Moscow. During the whole year, the market showed negative dynamics in all key indicators. First, plans to increase the number of staff were deferred and subsequently followed by job cuts in many companies. This led to a lack of demand for new office space, and consequently contributed to the increase in the vacancy rate and downward pressure on rents. The volume of net absorption, reflecting demand for office space, significantly decreased this year.

Source : BNP Paribas Real Estate

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