Prime office rental prices in Moscow 2020-2022

The prime rent of office properties in Moscow exceeded 22.2 thousand Russian rubles per square meter per year in the first half of 2022. Thus, the rent increased by nearly seven percent compared to the previous year. The figures combine both A and B class segments.  

Office real estate in Moscow

A negative trend in the office vacancy rate in Moscow has been observed since 2014. In 2021, it reached 7.6 percent, marking a decrease from the previous year. Nevertheless, office real estate remained one of the most most funded segments in the Russian capital, accounting for around one quarter of the total investment volume in the first three quarters of 2021.

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. Furthermore, a significant decrease was recorded in commercial real estate investment, at approximately 54 percent between 2020 and 2021.