| Office is a real estate place and representation of any company. Clients are received in office and documents and archives are stored in office etc.
Market growth urges that the office, after completion, can be easily & profitably sold; investment capitals are greedy acquiring the ready made offices. In 4-5 years time, forecast about explosive saturation of office market can be justified. Before one's eyes, huge reserve pool for powerful overshoot of new offices in 2009 - 2010 years into market as compared with fantastic retail results for the year 2006, when market doubled for the year. Expert notes, that 3 million sq. m of office areas of class A & B, which is 5 times more than the present area, would be built in next 5 years. Most active growth is anticipated in 2010 - 2012.
By that time, probably, priority would be given to business parks with industrial component, than to office centers. |
