Aleksandr Ustinov comments on the real estate market for Interfax


Experts forecast a pickup on the commercial real estate market in case of economic stabilization with only professional and efficient players who will survive.

Aleksandr Ustinov, Business Development Director for RD Management, was cautiously optimistic on the commercial real estate market in his comments to Interfax News Agency.

“Currently, there are such purchasers on the purchase and sale market who are considering the purchase of office assets. For instance, a part of the facilities in Victory Park business center was purchased, which became one of the largest transactions in the 1st quarter of 2015,” he noted.

Other experts forecast competition boost and struggle to draw tenants. This stimulates the market to make the most attractive offers. There is also a trend to convert rental rates into rubles.

“In 2014, most tenants who planned to move agreed on the terms with current lessors, thus opting for transactions, rather than moving to a new office. A certain percentage of renegotiations is also expected in 2015,” – Alekasndr Ustinov stated. According to him, tenants will occupy a dominant position on the real estate market for a long time.

Read the full text of the article on Interfax News Agencywebsite.