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Is it possible to rent an inexpensive office in Moscow?

by hotjapanse

Moscow continues to retain the title of city with one of the most expensive offices. In particular, in the Old World, the capital of Russia is inferior in this indicator only to London.

To date, the cost of renting 1 kV. meter of an office of premium levels is about $ 1150 per year. Class A offices can be removed at a price of $ 625 – $ 850, and class B+ will cost $ 400 – $ 600 per year of rent.

Thus, today it can be argued that the rental prices of offices have actually reached pre -crisis indicators, and in some cases even exceeded them. In particular, the other day it was announced on the commissioning after repairing offices on the street. Tverskaya, 9, and their wilted rental cost reaches $ 1000 per year. However, most of the areas – about 85 % are already occupied by tenants.

The trend towards activating the office real estate market has been traced since the middle of the last year. Recall that earlier the government of the capital made some concessions for developers, and not only in the field of housing, but also in a commercial segment.

As for the rates for renting offices, during 2017 they remained almost unchanged, while the number of vacant offers decreased. Thus, it became more difficult to rent an inexpensive office in Moscow every day, since the facilities put into operation belong to class A.

Last year, the main factors that influenced the development of the office market were overcoming the consequences of the economic crisis, which led to an increase in the demand for renting offices. Against the backdrop of economic stabilization, however, the influence of the risks associated with the elections of the President of the country at that time was felt.

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