the Vacancy rate of class A offices increased from 8.6% to 9.2%: freed a large number of small blocks, from which the company will not have excess, says the Director of the office real estate Department at Knight Frank Maria Zimina. In the class In figure, in contrast, declined slightly to 6.5%. In the class, according to the “Profis” real estate, the vacancy rate rose to 10%, and the least liquid objects and all were empty. In this segment, a large proportion of tenants are start-up companies, which for the first time and renting the office. Now, however, many have postponed plans for the launch of the business at least until the beginning of autumn.
Rotation of tenants has increased, note the “Profis real estate”. During the crisis, companies have traditionally moved to the offices of lower class. Over the past month the number of requests for rent of offices of class from companies previously rented the offices of class B increased by 20%, says commercial Director of “Profis real estate” Christina Limorenko. While few of these queries were converted into the real deal, companies are sitting on the fence, watching as the economy emerges from the “quarantine” and the decision on further development will take until the autumn. In the fourth quarter of a possible new round of rotation, said Limarenko. In this case the owners are willing to provide a good environment to retain tenants.
In this crisis, class a offices and Prime suffered less – they have a more stable portfolio of tenants, companies have more long-term planning horizon, says the head of sales network of service offices Space 1 Maria Kabanova. “Furthermore, this crisis was not a hard hesitation from the point of view of transition from currency in roubles (what happened in the previous two crises), the vast majority of bets were in rubles, therefore, most of the stable companies have survived,” she notes.
the Company will not abandon the expensive buildings but will increase the efficiency of jobs, some will prefer the office let in the city centre, but significantly less space. The collapse of the market and the massive translation projects in the residential segment, as was observed in past crises, is not observed, the expert said. The average rental rate in class A at the end of six months returned to the level of the end of 2019, in class, In particular changes in the overall market is not observed.
“Office, even with udalenka still all need. Only not as big and with the possibilities of changes in the area, number of seats etc. Wishing to enter into long-term deals now, no,” says the Executive Director of the Space 1 Pavel Fedorov. In this regard, the expert said, now in full built flex-offices. In Moscow this year is planned commissioning of almost 50 thousand square metres of flexible office Pro��transtv.
There are companies who own the offices in the center of Moscow, but willing to sell them and move to flexible office and there are those who have large amount of space is leased and they are looking for operators who surrender them in the format of the service office. The most far-sighted developers have caught the trend for flexible offices even before the crisis, said Fyodorov, and in many newly built business centers are already present, at least the coworking. Moreover, think about that even the builders of residential properties – about the availability of future residential complexes service office space announced this year, several major construction companies.