A lack of space of the size and format that is currently in demand resulted in the decline of available areas in all sectors and as a result rental rates are starting to increase, particularly in the most successful properties. Not only snow but also the commercial real estate market is thawing with the coming […]
There are signs of recovery on the Moscow commercial real estate market, selective rental rates growth will spread out everywhere After long stagnation, the vacancy rates across all Moscow commercial real estate segments have declined to a low level, leading to a start of construction activity, and some submarkets have already recorded smooth rental rates […]
I promised in my last blog (Decoding the Russian enigma) a further post dealing with my expectations for the Russian property markets. I have also been considering giving my thoughts on what to expect in general terms (i.e. they cannot be held against me in specific valuations!) for 2018 year end valuations. We are approaching […]
Russia seems to be hewing ever closer to Churchill’s aphorism: as a riddle, wrapped in a mystery, inside an enigma. It is increasingly difficult to predict what may happen next. A mixture of outside events and curious self-defeating actions, at least from an external perspective, have effects that are extremely uncertain. It may seem then […]
Russia’s nascent economic recovery from the 2014-2016 recession and recent stabilisation have been disrupted by fresh US sanctions. The April round has shifted the USD/RUB exchange rate by about 7% weaker, to c.62. The combined impact of the draft bill introduced by a number of US Senators led by Lindsey Graham on 1 August and […]
The US continues to impose new sanctions on Russia to threaten additional ones. A bill introduced last week by US Senator Linsey Graham includes a ban on new Russian sovereign debt purchases by US individuals and banks and on Russian state banks. This week, the US has imposed a new set of sanctions against Russia […]
It is like 2014 all over again… I have written three draft opinions in recent days – only for them to be overtaken by events. In the deluge of news and volatility I have but one message: DON’T PANIC I believe markets have overshot and will correct. We are already seeing the Russian stock market […]
Digital technologies are everywhere around us. Using the Internet we read the news, check emails and update our calendars, review social networks and news feeds, and communicate with people via instant messengers. We visit banking branches less frequently, as we pay bills either online or through mobile applications. We order food and make purchases online. […]
The Bank of Russia (CBR) has just announced the Board decision to cut its key rate by 25bp, from 7.75% to 7.50%. The move was broadly anticipated, although following the January inflation print, some market analysts had called for a 50bp rate cut. Inflation dropped to a new historical low of 2.2% YoY in January […]
(These are my personal views, and may not necessarily be the same as the JLL house view) As we gather pace into 2018 after the holiday period I thought that it would be useful to identify what I expect to be the key trends in 2018 – both for the Russian Economy as a whole […]
Most people would agree that more efficiency is a good thing. In the workplace more efficiency, or workplace optimisation in Corporate Real Estate (CRE) speak, means cost savings for businesses. Making more efficient use of existing offices through co-working or hot desking, for example, can reduce the need for floorspace and thereby property costs. Incorporating […]
Imagine if you awoke in the morning and instead of stepping out the front door to start your usual daily routine of fighting your way onto a packed train or bus with thousands of other commuters and hustling your way into the city office, the only place you had to be was home. Technological change […]
A chance to work from JLL’s City office for the day last week filled me with fervour – it was a change of scene and a chance to expand my horizons and broaden my network. As we proceeded with our meeting, a colleague acknowledged that variety is the spice of life, I casually laughed it […]
With JLL reporting the strongest Q3 on record for European office leasing, Alex Colpaert, JLL’s Head of EMEA Offices Research, discusses the drivers behind the uptick in occupier activity and considers where this will translate into strong rental growth in 2016.
This week, the economic news has been full of gloomy reflections on a very difficult quarter for financial markets. In Q3, stock prices have slumped by around 10% in the developed world and faster still in emerging markets, the sharpest falls in 4 years. Underlying this is evidence of a sharp slowdown in China’s real […]
Global transactional volumes continued their period of growth in the second quarter growing by 9% over the first half of this year. At half year transactional activity stands at US$333 billion almost 50% up on the same period just two years ago, demonstrating the attraction of real assets in this current cycle. The longer this […]
