Moscow ahead of other countries in terms of construction of office space

Moscow ranked first in terms of the planned construction of office space in the next two years, according to a study of the market for office space in major cities of the EMEA region by the international consulting company Colliers International. In accordance with the material at the moment the total area under construction of business centers in the Russian capital is 2.8 million square feet. meters. In second place for this indicator is Dubai - the 2.6 million square meters. meters. The third and fourth place is the capital of the UAE and Saudi Arabia - Abu Dhabi and Riyadh - 1.2 and 1.0 million square feet. meters, respectively. Thus, the largest amount of planned new construction recorded in the Middle East, analysts have concluded. The study found that St. Petersburg is in seventh place in terms of construction of business centers: currently being built in the northern capital of 636.9 thousand square meters. feet of office space. Comparable to the cities of St. Petersburg for this indicator are Brussels (Belgium), Sofia (Bulgaria) and Paris (France). Each of them is built around 600-700 thousand square meters. feet of office buildings. According to Colliers International, London occupies 11th place in the rankings: the total area of ​​office buildings under construction in the areas of the City and West End at the present time is about 350 thousand square meters. meters. Comparable amounts of construction typical of Hamburg (Germany), Madrid (Spain), Amsterdam (The Netherlands) and Zurich (Switzerland): about 300-350 thousand square. meters in each city. The lowest amount of construction in Europe are found in Glasgow (UK) - about 2.8 thousand square meters. meters. "It should be noted that with the exception of London, the volume of construction of office buildings in major cities in the UK are quite small. Thus, in Belfast and Bristol, they are at 20-24 thousand square meters. a meter. And in Edinburgh, Manchester and Birmingham are currently no office buildings under construction ", - stated in the review. "The quality of many office projects in Moscow behind the world's capitals. Now, however, projects that will be built in the next two years, are becoming better and professional. We are witnessing a revival of the tenants, who in turn have become more selective on the quality and level of building. Economic development and business companies will affect the amount of space they require a new level, "- says Director of Colliers International commercial real estate Olga Pobukovskaya. Country City Status amount of construction, square. m Russia Moscow capital 2,803,000 2,600,000 United Arab Emirates Dubai United Arab Emirates city of Abu Dhabi, capital of 1,200,000 Saudi Arabia capital of Riyadh, the capital of Paris, France 1,042,939 700.000 668.000 Bulgaria Sofia the capital of Russia St. Petersburg city 636.900 600.000 Belgium Brussels the capital city of Italy Milan 460.000 350.000 Germany Hamburg City UK London + City of West End Capital 349.841 330.000 Spain Madrid city the capital of the Netherlands Amsterdam 325.000 300.000 Switzerland Zurich city Frankfurt city, Germany, Turkey Istanbul 292.000 280.000 capital city of Munich, Germany 270.213 269.650 capital Bucharest, Romania, Austria Vienna Capital 230.000 200.000 Denmark Copenhagen the capital of Germany Düsseldorf City 162.300 155.000 Italy Rome capital Norway Oslo, the capital of Belarus Minsk 153.000 150.000 Germany capital Berlin the capital of 135.800 Israel Tel Aviv the capital of Poland Warsaw 125.000 121.300 capital Czech Republic Prague Hungary Budapest the capital of 118.000 105.635 capital Dublin Ireland capital city Stuttgart, Germany 100.000 84.300 80.200 Serbia Belgrade the capital city of Lyon, France 80.000 60.000 Sweden Stockholm capital Slovakia Bratislava capital city of Bordeaux, France 60.000 50.000 50.000 Switzerland Geneva the capital of Croatia Zagreb the capital city of Toulouse, France 42.500 36.800 30.000 France Nantes city the capital of Lithuania Vilnius 27.300 25.000 France Montpellier city United Kingdom Belfast city Strasbourg, France 24.155 21.000 city the capital of Ukraine Kiev 20.000 19.788 UK Bristol City Cape Town South Africa City Latvia Riga Capital 16.107 16.000 15.000 France Marseille city Albania Tirana the capital city of Johannesburg South Africa 12.000 11.600 5.600 Estonia Tallinn the capital city of Glasgow United Kingdom 2.787 United Kingdom Edinburgh Manchester City 0 United Kingdom 0 United Kingdom Birmingham City City 0