The provision of additional tenant services in business centers has become increasingly important. However not all real estate owners have not yet woken up to the long term benefits and social implications of providing a well balanced infrastructure.

Although bankers have been actively developing the branches of their divisions in St. Petersburg for more than three years already, their demand for new premises, especially in the central areas, continues to grow. Whereas banks previously sought offices mostly for their branches, last year many of them decided to change …

The cheapest of these tenants offer only warehouses, some even without heating. They prefer to engage themselves early in the project, require lots of energy, water, and air, and – as a rule – want their own entrance and exit. Their visitors occupy spots in the parking lot for two …

Cautious Ural developers prefer to build class B offices, since the investment is less risky and the return quicker. Also, given that most expenses go toward acquiring land and registering approvals, developers prefer not to concern themselves with the requirements for class A, preferring to build class B which the …

Nowadays a lot of companies are opting to divide their offices into front and back office areas. Front offices are like corporate stages designed to impress clients, set the right tone and provide the perfect environment for closing deals and making sales. Back offices, on the other hand, are hidden …

In movie land, fraudsters always manage to rent a plush office on Wall Street for their machinations. In real life, however, Western business center owners are very careful about whom they rent their precious square meters to. This particularly applies to anchor tenants who can decide the fate of an …

Two mega-projects intended to modify the St. Petersburg office market will be launched in 2008. The process is underway for the selection of concessionaires for the construction of the Western Speedway Diameter (WSD) and Orlovsky tunnel. In contrast to the KAD (Ring Road), financed from the government funds with all …

In the golden age of fashion, luxury brands usually stationed their boutiques solely along the central avenues of big cities with reputations as prestigious retail routes. London’s Bond Street, New York’s Fifth Avenue, and Paris’ Saint Honore and Avenue George V are all famous examples. As time goes by, however, …

Regional retail realty markets are on the make in a desperate effort to overtake those in the capitals. Many properties lose their positions in this race as they grow outdated and irrelevant. And then their owners resort to re-conception. At the same time their more far-sighted competitors try to modernize …

The development of retail-entertainment chains proves the ever more efficient strategy. There are still no quality retail properties in the cities with less than half a million population. A developer opening a mall there may not fear competition for several years, whereas in Moscow competition is already at a rather …