Critically low vacancy rates in Moscow business centers

Despite a significant increase in office space being delivered in Moscow, the shortage remains a pressing issue.

According to analysts, by the end of 2025, an additional 753,000 square meters of office space will be added to the capital, a 28% increase over the previous year. However, even with this increase, developers are finding it difficult to significantly increase the scale of new construction. This is driven by the high cost of loans and land in sought-after areas.

High-quality office complexes are quickly filling up, keeping the overall vacancy rate at extremely low levels.

Despite the overall volume of office space being delivered, the current trend lags significantly behind previous years.

The main challenges include a shortage of land for development and the rising costs of creating modern office complexes. The overall vacancy rate is steadily declining, negatively impacting overall deal activity.