The number of transactions for the purchase of mini-offices increased 14 times

Since 2020, the Moscow office real estate market has seen a noticeable increase in the share of transactions for the purchase of premises ranging from 50 to 300 square meters, according to a study by the consulting company Core.XP, which was reviewed by Izvestia.

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It is unprofitable for developers to build such facilities due to expensive sites and the cost of projects.

Thus, the absolute number of transactions with small offices has soared 14 times in five years. Compared to last year, sales in Moscow have almost doubled.

Experts attribute this trend to an increase in the number of high-quality offers in the small office space segment, as well as an increase in investment activity in the commercial real estate market. Private investors have expanded their interests and are now considering offices along with housing as rental business facilities.

The average budget for buying a small office (up to 300 square meters) varies from 20 to 150 million rubles, which is comparable to the price of business and premium class apartments in Moscow.

"Now, in the office real estate market, customers have a wider choice in terms of product cutting: from large blocks to small rooms. Such a diversified product allows investors to choose facilities that meet their individual needs and different investment strategies," said Vasily Grigoriev, director of the company's market research department.

Read more in the exclusive Izvestia article:

Square footage: mini-offices are being bought up en masse in Russia