Komesto.ru, Russia’s leader commercial listing portal, broke through 100,000 listings this week, less than seven months from official launch on the 1st February this year. In terms of listings, Komesto is now 8 times larger than the nearest competitor.
Komesto has listings in 51 cities across Russia, including all 38 cities with populations above 500,000 people.
Russia continues to have a strong commercial real estate market, with Moscow office leasing forecast to pass 1.3 million m2 in 2014 as Europe’s second largest office market only behind Paris, and safely ahead of London, Berlin and the other European capitals.
Stephen Inscoe, Founder and CEO of Komesto.ru was previously Head of International Research for HRO Group, one of Europe’s leading office developers, and started working in commercial real estate in Russia in 1998. “At the end of 1998, the total stock of office space in Moscow was less than 1 million m2. This year it will pass 16 million m2, with many international banks, consulting firms, manufacturing firms and others having major offices. The same growth has been seen throughout Russia in the retail and logistics sectors. And there is a lot more development to come, for example with Ikea announcing a further $2.8 billion investment program this year”.
Komesto has drawn strong support from local and international investors, and continues to expand its investor base.
Komesto.ru is the largest commercial real estate website in Russia, with over 100,000 moderated listings, and featuring the most read blog on any commercial listing site in Russia. The service covers commercial sales and rentals of office buildings, retail, industrial, manufacturing, and new developments throughout Russia.