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Moscow Leads World in Office Construction

MOSCOW-The Russian capital tops the list of office construction activity, followed by Dubai, Beijing, Shanghai and Johannesburg.

By Anita Howarth | Updated on October 02, 2006

MOSCOW-You may have been thinking China or points east, but Moscow leads the world in office construction, according to the latest Global Office Real Estate review by Colliers International. Second on the list is Dubai.

According to the report, Moscow had an estimated 26.9 million sf of ongoing commercial property construction compared to 24 million sf in Dubai. “It’s no surprise to see Dubai so close to the top in terms of construction activity,” says John Davis, CEO of Colliers International in the Middle East. “This go-ahead emirate has been making massive progress in recent years with development steaming ahead at an incredible compound annual growth rate of 42.5%.

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