RBC, 05.12.2007, Moscow 19:57:40.Russia's commercial real estate market is set to grow by 10 to 15 percent on average, experts believe. This year, Moscow, St. Petersburg and other cities with the population exceeding 1m people have seen a rise in new commercial real estate facilities put in operation. A significant increase in demand for commercial real estate is linked to a certain degree to the fact that this business is fashionable, stable and remunerative.
Moscow's real estate market is already nearing saturation, and the focus is shifting towards regions. In Moscow, demand is rising for larger real estate formats, and most retail operators are looking to expand their format. New formats are likely to appear, alongside the development of smaller-area convenience stores.
