Avito Real Estate and M2DATA have announced a partnership in the commercial real estate market in Moscow

Avito Real Estate has announced the start of cooperation with the proptech platform in the field of commercial real estate M2DATA, the company's press service reported. The parties will join forces to ensure the relevance of information in advertisements for the sale and lease of commercial real estate in the capital.

As part of the partnership, a number of ads on Avito Real Estate in the segments of sale and lease of offices and premises for free use, in addition to checking for compliance with the rules of the platform, will be verified in the M2DATA service and receive the badge "Price and m2 are relevant". This mark confirms that M2DATA specialists have contacted the owner of the facility and confirmed the cost, area and vacancy of the premises. Today, the project database contains detailed information about 7,900 buildings in Moscow and the region. Information about each room is updated within 30 days.

"More than 5 million people visit the Commercial Real Estate section on Avito every month. Every user comes to the platform with their own request, and we strive not only to satisfy them, but also to make the selection process fast and transparent. Cooperation with M2DATA meets our goals of increasing the quality of the database and shortening the transaction cycle. We are confident that the partnership will help buyers and sellers of commercial properties in Moscow find each other faster, and the market will close more deals this year," commented Oleg Izotov, Managing Director of Avito's Commercial Real Estate category.

"Verifying data on a scale such as the commercial real estate market in Moscow is not a trivial task. We at M2DATA have been solving it for almost 5 years now. A built—in algorithm of actions, in-house development and a well-coordinated team of specialists - this is what allows you to compare ads almost in real time. We are confident that this approach will allow Avito's multimillion—dollar audience to select commercial real estate faster and more efficiently," added Maxim Glickman, founder and owner of M2DATA.

Last year, the number of sellers in the commercial rental segment at Avito increased by 14%, and in the sales segment by 11%. The growing number of players and the reduction of vacancies required new approaches from platforms to ensure the quality of advertisements for the sale and rental of such real estate in Moscow.