Record levels of premium office vacancies are expected at the end of 2026

By the end of 2026, the vacancy rate in Moscow's Class A business centers could reach 7.8%.

This is due to the active commissioning of new premium-class properties, which account for a large share of the supply. Despite the growing number of available spaces, prices are also rising rapidly.

The lack of viable alternatives is forcing many tenants to renew their current contracts, even on less favorable terms than their existing ones.

Meanwhile, leasing existing spaces and renewing contracts are becoming especially popular, as there is virtually no choice between offers—more favorable options are practically nonexistent.