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Russia’s economy began to stagnate in Q3, with GDP growth less than expected and business investment suffering under the weight of a strong currency. Although the office market managed to remain buoyant amidst a slowing economy last quarter, there are signs that the office market is weakening, supported by a slight easing in demand and rises in vacancy. However, prime rents managed to remain stable, bolstered by healthy demand that sustained in Q3.
Source : Cushman & Wakefield
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