Office real estate: the new prices and conditions |
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The greatest unoccupied office areas is fixed at the lessors concluding short-term contracts. The same owners who worked under long-term "indissoluble" contracts, have kept fillability practically at former level. So, the areas at owners who worked under short-term contracts of rent are empty so that in constantly growing market every year to have possibility to raise rent rates. The given possibility was and at tenants of which they at approach of the moment convenient for have not failed to take advantage - the most part of tenants has decided to replace office on conditions more comprehensible to. The same owners who worked under long-term "indissoluble" contracts, have kept fillability practically at former level. In each range the rate strongly depends on the size of the tenant, a current condition of the handed over areas (with furnish and furniture, or in general "Shell&Core"), term of the contract and other commercial terms of transaction. Rent rates on office real estate from the beginning of year look as follows: - 28 of $-40za sq. m., "In" a class - $18-25 offices "With" of a class it is possible to remove a class "And" for $12-18 for "square". Proceeding from the consolidated economic forecast of experts, low business activity can last at least to the middle of 2010. Thus, the reasons for essential decrease in a share of unoccupied premises in the given period hardly should be expected. It is important to underline that former low level unoccupied in the capital market during the period with 2005 - to the middle of 2008 made 2 % in 2008 that basically is not "a standard" market situation. Thus that in more developed markets even in the conditions of growing economy level of the unoccupied areas was in limits of 5-15 %. |
