You can now rent apartments at relatively affordable prices in the Moscow International Business Center (MIBC). Property owners are offering discounts of up to 30%. A long-term lease is required to qualify.
According to M. Pentegov, an expert on luxury real estate, the most popular apartments are those with a minimum floor area of 50 square meters. He clarifies: "Currently, monthly rental prices range from 150,000 to 600,000 rubles. The exact price is determined by the quality of the renovations and other factors. For long-term rentals, tenants receive a discount of up to 30%. It's important to be clear: long-term rentals are not particularly popular at the moment, and supply significantly exceeds demand."
The list of best-selling apartments in Moscow City includes apartments with an area of at least 120 square meters, fully renovated, and one to two bedrooms. The final price depends on the prestige of the tower, the specific floor, and the condition of the premises. On average, a square meter costs 500,000-800,000 rubles.
The most expensive offers:
- The penthouse, located on the 95th floor of the Federation Tower Complex, is priced at 2.6 billion rubles. This three-story, 2,500-square-meter building is considered the most expensive option within the Moscow International Business Center.
- A six-room penthouse in the Empire Tower for 600 million rubles. The area of this apartment is 940 square meters.
In the "City of Capitals" complex , apartments measuring 270 square meters are available for rent. The price in rubles is 466 million. A 300 square meter apartment in the "OKO" tower costs 350 million rubles.
Regarding current housing prices in Moscow City, M. Pentegov clarifies that today's prices are very close to those recorded at the beginning of 2022. The expert emphasizes the dynamic nature of rental price changes. The first two quarters of this year were marked by a sharp increase in apartment prices (up to 3 percent or more). This phenomenon was due to the changing dollar exchange rate. In the third and fourth quarters, housing prices in the business center corrected. This was facilitated by the stabilization of the exchange rate, a decrease in demand, and a wide range of options.
In our previous article, we wrote about the decline in demand for office rentals in Moscow City .
