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Office Market Report. Moscow

2025

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Since the beginning of the year, the vacancy rate in Class A has increased by 1.2 ppt to 8.4%, while in Class B it has decreased by 0.4 ppt to 4.8%. In 2025, 20 properties with a total leasable area of 704,100 sq m had received commissioning permits. This is the highest figure since 2015. The largest new property is the National Space Centre (167,000 sq m). The average weighted rental rates in both classes continued to grow. Since the beginning of the year, the indicator has increased by 30.4% in Class A to 32,829 roubles/sq m/year (excluding OPEX and VAT), and by 17.3% in Class B to 24,739 roubles/sq m/year (also excluding OPEX and VAT).

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