The annual conference “Commercial property today: investments, development, management” organized by Moscow Times newspaper took place September 17, 2010. The key market representatives traditionally shared their plans for the autumn business season, and discussed burning questions and market development forecasts.
Petr Isaev, Director of Commercial Property Department at Capital Group, was invited as the first session moderator. The leading expert, he managed the discussion “Commercial property. Market analysis. Trends and forecasts. Investment potential.”
The conference participants gave solid opinion that the commercial property market had recovered (the shopping&leisure segment got back to its pre-crisis level), and the office property segment recession was gradually fading away.
Speaking about midterms predictions, the participants mentioned steady movement towards market-clearing condition.
A heated discussion was risen on the sector investment appeal, resumed by Petr Isaev. “Today few international investors are interested in commercial property segment. On the other hand, the number of objects to invest in is also quite limited. Consequently, the market is comparatively balanced. And taking into account the indexes’ growth in the last 6 months, the market has a serious potential for growth in the next 2-3 years.”