Experts spoke about the increase in office rental rates in Moscow

Moscow's key business clusters are showing an active growth in rental rates. Thus, since the first quarter of 2024, the weighted average requested rental rate for class A offices in five business districts — Belorussky, Leningradsky, Paveletsky, Tsentralny and the Moscow City MIBC - has increased by 33% and amounted to 49,191 rubles per square meter, analysts at the NF Group consulting company reported at the XVI Annual Office Conference on April 10..

The Paveletsky business district showed the greatest dynamics, where rates increased by 53% over the year, in the Moscow City Shopping Center this indicator increased by 49%, in the Central Business District - by 43%.

According to Maria Zimina, partner and director of the Office Real Estate Department at NF GROUP, the reasons for the increase in the requested rates in key business districts are related to a number of factors. First of all, there is a high demand for high-quality offices with finishes; low volume of commissioning, especially of business centers sold for rent; the tendency to sell offices before receiving permission for commissioning, which is why there are practically no new offices on the market.

The company's analysts predict that in 2025, the growth of rates in key business districts of the capital will continue, but more slowly than in 2024.

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

The demand for such commercial premises has more than doubled in a year.

"It is important to note that the market will look for a way out of this situation in original ways. We expect activity from investors who will purchase premises for subsequent reconstruction, including buildings built before the formation of the professional market. This will help partially compensate for the shortage of high—quality supply and support the further development of the capital's business infrastructure," Zimina stressed.

Earlier, on March 21, analysts told Izvestia that the office real estate market was experiencing a rapid increase in the share of transactions for the purchase of premises from 50 to 300 square meters. m. In 12 months, the number of such purchases doubled. Basically, such mini-offices are purchased for further rental. In addition, Ivan Tatarinov, executive director of the Glincom development company, said that there has been an unsatisfied demand for office real estate on the market for about ten years.