Segments of the commercial property for sale in Russia market are developing rapidly and are constantly undergoing tangible changes. If we talk about retail and office real estate, these segments show a lively dynamic of development.
Commercial property for sale in Russia, according to expert estimates Alexander Sharapov, has its own characteristics of development and functioning. Previously, office premises were rented mostly by companies operating in the financial, banking, and construction sectors. And at the moment as a leader in this segment of the commercial real estate market are companies operating in the field of production, in particular IT-technologies and the pharmaceutical field of activity. These areas are less dependent on other industries, which is not the case for organizations operating in the service sector.
At present, the demand for office real estate is provided by mature companies that occupy solid stable positions in the market. In addition, this segment of the commercial real estate market is becoming more attractive to investors. In connection with the steady growth of foreign investors’ interest in office real estate, its value will increase.
In general, business activity is increasing, economic development does not stand still, so the demand for office real estate is also increasing, as evidenced by the quarterly analysis of the commercial real estate market.
As for commercial real estate, this segment as well as office real estate, demonstrates active growth dynamics. An overview of the commercial real estate market indicates a continuation of positive trends and intensive development. Recently, there has been an active implementation of an increasing number of new projects.
The development of such a segment of commercial real estate as commercial property for sale in Russia is due to certain factors. So, what factors influence the development of this segment? First of all, we should mention the average level of saturation of the market with premises of a professional trading nature. Secondly, as the next important factor is the growing interest from foreign investors. Another important factor is the presence of considerable potential for the further development of this segment.
However, in addition to growth factors, there are also factors constraining the development of such a segment as commercial real estate. As for the cost of objects of commercial premises, they have grown significantly. This condition can also be attributed to the factors constraining the development of the retail real estate segment.