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

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01.07.2009 Corporate Segment of Residential Rent
For many large western companies Saint-Petersburg has become a convenient point for allocating businesses. For instance, automotive giants such as Hyndai, Ford, Nissan, Suzuki and Toyota have formed a kind of automobile cluster in the city.

These companies together with other businesses generate a stable demand for the rent of corporate apartments for its relocated employees. However as a result of the crisis and further decrease in business activity there has been significant downsizing and cuts in budgets allowed for the apartments rent.

Olga Petropavlovskaya Senior Consultant in Night Sky Realty Elite Residential Department points out the following market trends:

1) Increase in number of available apartments previously rented by the corporate clients
2) Market is fully determined by the tenant imposing his terms
3) Rental rates for elite and business class apartments have decreased by 20-40%
4) In order to simplify the calculation tenants prefer to have all included rent
5) Taking into account general instability landlords are willing to fix the rent in Euro

Until spring 2010 rental residential market will be characterized purely as a market of the tenant. By the end of 2010 the ratio between demand and supply will start to shape into more balanced state.