Metropolitan offices will fall in price

Nedvizhimost14-06-2007 rental value of offices in the world is growing by leaps and bounds. Western analysts attribute this to the high rates of economic growth. But he can not continue indefinitely. It is assumed that in the next year rent of offices, for instance, Moscow could seriously fall in price. According to the consulting firm Cushman & Wakefield Inc., Working in real estate, cost of renting new offices in Western Europe increased for the year ended March 31, at 7,6%. This is the highest increase in six years. In countries with so-called emerging economies rental of new offices have grown even more rapidly. In Moscow, for example, they rose by 31% in Istanbul - 16%. Approximately the same picture is emerging in Asian markets. In Beijing, prices have increased by 10% in Tokyo - 40%. In Bombay, rent for new offices has increased by 100%, while there is still a shortage of vacant space. In the first quarter of 2007 in Moscow was put into long-term lease of 480 thousand square meters of office space, which is below a similar indicator of Paris, where it was commissioned 644 thousand square meters of office space, according to Interfax.