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.
Average prime rent of office properties in Moscow from 1st half 2020 to 1st half 2022
(in Russian rubles per square meter per year)
Characteristic
Prime rent in Russian rubles per square meter per year
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Nikoliers, & Various sources. (August 1, 2022). Average prime rent of office properties in Moscow from 1st half 2020 to 1st half 2022 (in Russian rubles per square meter per year) [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/696229/office-property-prime-rents-moscow/
Nikoliers, und Various sources. "Average prime rent of office properties in Moscow from 1st half 2020 to 1st half 2022 (in Russian rubles per square meter per year)." Chart. August 1, 2022. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/696229/office-property-prime-rents-moscow/
Nikoliers, Various sources. (2022). Average prime rent of office properties in Moscow from 1st half 2020 to 1st half 2022 (in Russian rubles per square meter per year). Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/696229/office-property-prime-rents-moscow/
Nikoliers, and Various sources. "Average Prime Rent of Office Properties in Moscow from 1st Half 2020 to 1st Half 2022 (in Russian Rubles per Square Meter per Year)." Statista, Statista Inc., 1 Aug 2022, https://www-statista-com.ezproxy.canberra.edu.au/statistics/696229/office-property-prime-rents-moscow/
Nikoliers & Various sources, Average prime rent of office properties in Moscow from 1st half 2020 to 1st half 2022 (in Russian rubles per square meter per year) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/696229/office-property-prime-rents-moscow/ (last visited September 20, 2024)
Average prime rent of office properties in Moscow from 1st half 2020 to 1st half 2022 (in Russian rubles per square meter per year) [Graph], Nikoliers, & Various sources, August 1, 2022. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/696229/office-property-prime-rents-moscow/