Prime office rental prices in Moscow H1 2022-H1 2024
The prime rent of office properties in Moscow exceeded 21,200 Russian rubles per square meter per year in the first half of 2024. Thus, the rent decreased by nearly 3.6 percent compared to the corresponding period of the previous year. The figures combine both A and B class segments.
Office real estate in Moscow
The office vacancy rate in Moscow was forecast to increase to over eight percent in 2024; however, it would still be below pre-pandemic levels. In 2021, office real estate was one of the most-funded segments in the Russian capital, accounting for around one quarter of the total investment volume in the first three quarters of the year.
Real estate investment in Russia
The volume of foreign direct investment (FDI) in the Russian real estate market neared 189 billion U.S. dollars in 2021, down nine percent from the previous year. The commercial real estate segment a spike in investment in 2022 when it peaked at over 487 billion Russian rubles.
