JLL: Moscow CRE investment volumes down 4% in 2015
In its Global Market Perspective for 1Q16, Jones Lang LaSalle noted that commercial real estate investment volumes in Moscow fell by 4% in 2015. Capital values for prime offices fell by 15.3%. Rental yields for prime offices were 10.5%, or 76 basis points above the yield on the relevant long-dated government bond. Rents for prime office space fell by 11.1%. Net absorption during 2015 was equal to 4.2% of existing stock. At the end of the year, the office vacancy rate was 16.9% and the supply pipeline for 2016-17 equated to 9.0% of existing stock.
Source : JLL/ January 2016/Moscow/OFF