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Moscow Office Market Overview, Q1 2011

The recovery of the Moscow office market continued in Q1 2011. Q1 completion volume was 198,800 sq m. Several large deals were signed. Prime rents reached USD 1,000 per sq m per year, a 11% growth QoQ. Classes A, B+ and B- rents remained unchanged. Vacancy rate declined to 15.1% at the end of Q1.

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