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Office Market Report. Moscow

Q3 2025

Since the beginning of the year, the vacancy rate has decreased in both classes: by 0.1 ppt to 7.1% in Class A, and by 0.5 ppt to 4.7% in Class B. In January–September 2025, 11 properties with a total leasable area of 495,400 sq m received commissioning permits. The largest new property is the National Space Centre (167,000 sq m). Average weighted rental rates in both classes have continued to increase. Since the beginning of the year, rates have risen by 25.6% in Class A to 34,401 roubles/sq m/year (excluding OPEX and VAT) and by 4.9% in Class B to 22,423 roubles/sq m/year (excluding OPEX and VAT).

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Olga Shirokova
Partner, Regional Director of the Consulting and Analytics Department at NF GROUP
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Olga Shirokova
Partner, Regional Director of Consulting and Analytics Department
Moscow
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