The market interest in flexible office space continues to grow: for the development of its new project on the island of Balchug in Moscow, O1 Properties, controlled by network Space 1 rented 12 thousand square meters in the business centre of LSR group ex-Senator Andrey Molchanov. Consultants called the deal the biggest this year, but warned that the crisis flexible offices may have difficulty finding potential tenants.Network Space 1 rented 12 thousand square meters in the business centre “Balchug New” LSR group, told “Kommersant” operator flexible offices. In LSR confirmed this information. Head of the Department of Cushman & Wakefield Natalia Nikitina calls it the biggest market of flexible offices this year. The Director of the office real estate Department at Knight Frank Maria Zimina suggests that the agreement could be concluded at a price of 30 thousand rubles. per 1 sq. m a year, that is 360 million rubles per year for all space.Space 1 — project of O1 Properties (the main shareholder is Riverstretch Trading & Investments), launched in 2019. The company specializiruetsya on the creation of flexible office spaces. Now she has a portfolio of 11 locations with a total area of 43 thousand sq m Project in the “New Moscow” — the largest in the portfolio Space 1. In the company indicates that they expect to invest at least 50 thousand rubles. per 1 sq. m. Thus, the minimum threshold of investments will amount to RUB 600 million In total in the “New Moscow” will be 1,5 thousand workplaces, the rent of which is planned in the range of 38-44 thousand rubles per month. Three floors of Space 1 plans to decorate for specific tenants.The construction of the business center on Sadovnicheskaya street in the center of Moscow with total area of 25 thousand square meters, LSR announced in 2007: the project was supposed to be the first in the active expansion of the St. Petersburg developer in the Metropolitan office market. But in the end, the group focused on the development of residential projects. The interlocutor of “Kommersant” in the real estate market says that for a long time considered the opportunity to sell “New red”, but in the end decided to keep it on balance. As a result, the market business centre was launched only in 2017.The head of research at JLL Vladislav Fadeev calls the environment of the new site Space 1 quite competitive: in the nearby locations are already open projects operators Ceo Spaces and workstation. Senior Director of CBRE Elena Denisova notes that the project will be interesting for small companies, big business is now seeking to pick up offices in the zone between the Garden ring and TTK, or in areas with convenient interchanges.According to Cushman & Wakefield, now in Moscow 206 thousand sq. m of flexible offices, for the year the figure may increase by more than 40%, to 290 thousand sq. m. Analysts point out that flex-offices during the crisis, began to actively compete with conventional, discount��Yaya more flexible lease terms and short terms contracts. Vladislav Fadeev adds that this year a new format for the development of operators of flexible spaces has become a built-to-suit, in which the operator finds a company and it fully prepares a new platform, taking into account individual needs.The expert believes that this fact points to the relevance of flexible offices. Although the CEO Key Capital Sergey kamluk noted that, despite the growing popularity, the occupancy of flexible offices in a period of crisis can be a problem: their core audience — small and medium businesses, where many structures prefer in the economy significantly reduce the part of the occupied areas or even to abandon the office.Alexandra Mertsalova
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