Moscow Serviced Office Rents Peak London and New York.
September 09, 2007 (PRLEAP.COM) Business NewsIn a recent search for offices in Moscow on behalf of a well know IT corporation, Abacus Real Estate found that the market had exploded to the extent that there are virtually no Grade A offices vacant at the present time.
The serviced office market has come to the rescue, offering flexible terms on fully serviced offices which are ready for a company to occupy in a matter of hours.
However, even serviced offices are becoming hard to find, and rental levels have risen to $2,000 per desk per month, which exceeds London and New York's rental levels. The serious shortage of good quality space has lead to a frenzied attack on space that becomes available, and this particular corporation had to sign their service agreement within 48 hours, at a top rent, to blow away the competition that were also hammering at the landlord's front door.
The conventional office market is further hampered by a very slow construction and fit out industry which means that companies who are lucky enough to find offices that might suit their needs have to face lengthy delays in taking occupation.
Abacus Real Estate, a UK based real estate consultancy, provide a fully searchable database of serviced offices in Moscow, and all over the world, on their website http://www.serviced-offices.biz.
Nick Lahey-Bean, Director of Abacus Real Estate, said "There is no doubt that global markets are experiencing healthy demand in this relatively new business sector and serviced offices seem to be the most flexible solution for many companies today." He went on to say "The question that remains is whether local and global economies will remain stable long enough for any company to want to commit to a long lease term on offices in new markets? If not, then serviced offices have to be the answer - they enable companies to take much shorter lease terms, retaining the flexibility to expand or contract the size of their operations as and when they want to".
To find a serviced office in almost any city in the world, companies can use Abacus Real Estate's free website: http://www.serviced-offices.biz.