Аренда и продажа элитной жилой и коммерческой недвижимости Санкт-Петербург, Россия
Palvelut
ELIITTIASUNNOT VUOKRALLE
ASUNTOJEN MYYNTI
TOIMITILAT VUOKRATTAVANA

Analytiikka

02.03.2015 Elite residential real estate rent market: specific features, trends, forecast for 2015

Under the conditions of the current crisis, characterized by the general economic decline, outflow of investments from the country and the decrease of business activity, the year 2015, on the whole, doesn’t promise any improvements. The current economic situation is estimated to protract without improvements for a long time, longer than one year cycle.

The economic situation has significantly affected the elite residential real estate rent market, where large corporate companies, in particular – Western companies, have always been the major clients. Under the conditions of the current crisis the business segment has virtually “collapsed”. Many Western companies have initiated the closure of their representative offices, their employees have started leaving Russia after cancelling their existing rent contracts.

Under the current conditions the market is becoming a strongly pronounced tenant’s market. The client enjoys a large selection of rent offers and is in a position to dictate his terms and to obtain significant discounts.

 

Two tendencies are observed as occurring in the current situation:

  1. The fall of the Russian economy and the low rate of the national currency force the owners to fix the rent rate in euros and dollars or to raise the rent rate in rubles.
  2.  Virtually a complete collapse of the corporate segment, closure of many Western representative offices and companies have led to a low potential of the market, with only a few potential clients remaining.

To a certain extent, these two trends indicated above counter-balance each other, with a certain domination of the latter. A very limited number of potential clients on the market doesn’t allow the owners to increase their rent rates or to index them in euros or in dollars.

Night Sky Realty forecasts the rent rates to remain, on the whole, on the same level, with a 10-20% decrease for the re-evaluated premises. Such premises amount to about 50% in the portfolio structure. The rent price for separate premises can go down by 30%.

In particular, the rent rates for high quality premises (the elite residential complex Paradny Kvartal, the elite residential complex at Robespiera, 4, the elite house Le Grand on the Nevsky Prospect, 154, the elite house on the Fontanka Embankment, 1 and other reconstructed buildings) will remain on the previous level.

The range of rent rates for quality residential premises in the central areas of the city (Centralny, Petrogradsky, Vasileostrovsky, Admiralteisky districts) will amount to the following:

2 bedroom apartments  80 000 – 130 000 rubles/month

3-bedroom apartments 110 000 – 200 000 rubles/month

4-bedroom apartments 140 000 – 300 000 rubles/month