Property Market And Rental Of Office Space

This entry was posted by on Wednesday, 8 May, 2019 at

The office market in 2008-2009, fully experienced the impact of the economic crisis. Tenants closed unprofitable or unprofitable businesses, optimize the cost of maintaining office, which led to significant outflow of tenants from the business centers of the high price category (class 'A' and 'B +'). New business centers, and put into operation in 2009, were placed in a difficult position because of lack of interest in new office space to potential tenants. Potential tenants are placing increased demands on engineering systems and business centers to the objects themselves as a whole. Important factors for tenants are: proximity of underground parking, the amount of rent rates.

In such a difficult time for the office market, the most popular business centers have been invested in providing modern buildings engineering systems: central air conditioning, forced-air ventilation, high-speed fiber-optic communication lines. The data requirements for the business centers of mid-range (Class 'B', 'C', 'C +'). An important advantage was the presence of a protected park in the business center. Currently, tenants welcome presence in the finishing room or insist on a vacation rental in her absence. Suddenly, demand turned out to be great footage of office space – 100 square meters with free layouts, as well as office blocks – from 500 square feet or more. Released in 2009 on the market commercial real estate of St. Petersburg business center 'Rostra' showed excellent growth trend of office space. As of May 2010 put more than 80% of office space, attracted major tenants occupying the area from 1000 to 2,200 square meters of total area of the business center of 12,000 square meters). To achieve such success has helped correct pricing worked out by the management of the business center 'Rostra', the desire of management to meet wishes of tenants, as well as jointly with the leading real estate agencies work to attract tenants. Dynamics of parameters of the rented premises allows management to the business center to look with confidence in the future.

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