17.06.2025, 09:38
A decrease in the share of vacant office space was recorded in the capital
Source: OREANDA-NEWS
OREANDA-NEWS For the second year in a row, Moscow has recorded a decrease in the share of vacant office space. In the first three months of this year, this figure reached 4.8%, showing a new low since 2018, said Maria Bagreeva, Deputy mayor of the capital and head of the city's Department of Economic Policy and Development.
The Deputy mayor stressed that this trend has been observed in the capital since the beginning of 2023. Business activity is growing in the metropolis, and enterprises need new workspaces to expand their business.
"At the end of the first quarter, the vacancy rate as a whole reached 4.8%, a decrease of 2.4 percentage points compared to the same period last year. This is the lowest figure since 2018. The share of vacant Class A premises decreased especially noticeably – by 4.6 percentage points, in the B segment – by 1.1 percentage points. According to analysts' forecasts, at the end of 2025, the share of vacant offices in the capital will not exceed 4.7 percent," Bagreeva said, her words were quoted in the press service of the DEPR.
It is specified that the demand from companies for office space and the reduction of the vacant share of this property leads to an increase in rental rates. Thus, the average rate at the end of March reached 28.6 thousand rubles per square meter, an increase of 28% over the year. Meanwhile, the rental price of Class A offices increased by 16%, and in category B – by 23%.
In the first quarter of this year, the volume of office real estate purchase and lease transactions reached 0.36 million square meters. The indicator has hardly changed compared to the same in 2024. The main tenants and buyers were enterprises operating in the fields of information technology and telecommunications, the construction sector, professional services, and manufacturing. Such companies account for over 60% of the sold areas.
The Deputy mayor stressed that this trend has been observed in the capital since the beginning of 2023. Business activity is growing in the metropolis, and enterprises need new workspaces to expand their business.
"At the end of the first quarter, the vacancy rate as a whole reached 4.8%, a decrease of 2.4 percentage points compared to the same period last year. This is the lowest figure since 2018. The share of vacant Class A premises decreased especially noticeably – by 4.6 percentage points, in the B segment – by 1.1 percentage points. According to analysts' forecasts, at the end of 2025, the share of vacant offices in the capital will not exceed 4.7 percent," Bagreeva said, her words were quoted in the press service of the DEPR.
It is specified that the demand from companies for office space and the reduction of the vacant share of this property leads to an increase in rental rates. Thus, the average rate at the end of March reached 28.6 thousand rubles per square meter, an increase of 28% over the year. Meanwhile, the rental price of Class A offices increased by 16%, and in category B – by 23%.
In the first quarter of this year, the volume of office real estate purchase and lease transactions reached 0.36 million square meters. The indicator has hardly changed compared to the same in 2024. The main tenants and buyers were enterprises operating in the fields of information technology and telecommunications, the construction sector, professional services, and manufacturing. Such companies account for over 60% of the sold areas.
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