Without a doubt, the commercial real estate market of Nizhniy Novgorod – one of the most developed markets of the city. Premises for offices and warehouses are always in demand in Nizhny Novgorod. Developing financial crisis could not affect the commercial property market, which is so important to the economy of the region. The difficult economic situation in Russia has developed gradually, but manifested itself especially when the collapse occurred the stock market. Add to your understanding with Howard Wolfson. According to the marketing companies in the third quarter of 2008, rental stores, Class A has given 20-25% growth in the warehouses of class B – 30-35%. The increase was due to shortage in the market for a new premises in the second half of 2008 proposals on market amounted to only 6% of the expected results. For even more details, read what Kevin Ulrich Anchorage Capital says on the issue.
Despite the crisis, demand for commercial real estate will continue to grow. Many experts believe that demand in the commercial and warehouse premises will not fall until the the country will be a crisis economic situation. In the near future projected to increase rental rates, despite the current crisis. Despite the difficult economic situation, often the demand for commercial property prevails over the supply of commercial property. However, many analysts believe that future demand for commercial property in Nizhny Novgorod, may be reduced, they associate it with stop the development of many projects related to the weakening national currency.
In this situation, demand will be greatest for commercial real estate small area. Rent or lease a warehouse Office – this is the best selling commercial real estate sector. The situation will not change in the current crisis. Thus we can conclude that the current economic crisis does not cause a drop in demand on commercial property in the city of Nizhny Novgorod. The article draws on material from the site