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Prime office rental prices in Moscow Q1 2015-Q4 2019

The price of prime office properties in Moscow fluctuated over the observed period, reaching the lowest price in the third quarter of 2016 at an annual 613 euros per square meter. By the fourth quarter of 2019, rental costs per square meter of prime office spaces in Moscow amounted to 715, marking a nearly ten percent decrease relative to the previous period.  

Office real estate in Moscow

A negative trend in the office vacancy rates in Moscow has been observed since 2014. By 2019, figures reached 5.6 percent, and a further decline to 4.3 percent was projected for 2020. However, by 2019, office real estate remained the most founded sector in the Russian capital accounting for one-third of the total investment volume in that period. Nearly 60 percent of existing office stock in Moscow were B+-Class offices as of the first quarter of 2020.

investments in the real estate market

Foreign Direct Investment (FDI) volume in the Russian real estate market exceeded 185 billion U.S. dollars in 2019, over 40 billion U.S. dollars up since 2018. The commercial real estate segment retained the largest investments share countrywide and reported an annual 15 percent growth rate in 2019, after amounting to nearly 280 billion Russian rubles worth of investments in that year.

Rental prices of prime office properties in Moscow from 2nd quarter 2015 to 4th quarter 2019*

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Source

Release date

July 2020

Region

Russia

Survey time period

Q2 2015 to Q4 2019

Supplementary notes

* No data available for Q1 2018 and Q4 2018.
Prior data was extracted from earlier reports by the source.

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* Prices do not include sales tax.

Statistics on "Real estate market in Russia"

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