Currently, over 35% of office space in the Moscow City business center is occupied by state-owned companies. This makes the public sector the largest player in the area's office real estate market. The financial sector holds the second largest share at 22%, followed by real estate and construction companies (7%), oil and gas (6%), IT (5%), mining (4%), and e-commerce, retail, manufacturing, and healthcare companies, each accounting for 3%.
These data were announced by Ekaterina Nogai, Head of Research and Analytics at IBC Real Estate, at the business breakfast "Moscow Office Real Estate. Preliminary Results for 2024: Trends and Forecasts."
The expert also emphasized that the development of the "Big City" area, which includes Moscow-City , is not limited by its current boundaries. According to forecasts, by 2035, the total volume of office and commercial space could double—from the current 2.7 million square meters to 6.2 million square meters.
"The emergence of additional business clusters around Moscow City will play a significant role in distributing the load on the area and improving transport and urban infrastructure," Nogai added. She noted that these changes will stimulate increased interest from new players, including those in the tech sector and international companies.
The business center remains one of the most attractive locations for tenants thanks to its unique architecture, convenient transportation access, and high-quality infrastructure. However, growing demand poses the challenge for developers and city authorities to ensure balanced development of the area and create conditions for attracting new industries.
