In 2026 , Moscow revised the cadastral value of properties used for office and retail purposes. The updated list included approximately 42,000 buildings , with a total floor area approaching 100 million square meters . This data formed the basis for calculating property taxes for businesses.
After the update, the total value of the inventory amounted to 11.4 trillion rubles , almost 20% higher than last year's value. This increase is due to clarification of information in the Unified State Register of Real Estate and the transition to the expanded assessment methodology used in the 2025 State Defense Code. The model now reflects environmental parameters, transport links, and the actual functionality of buildings.
How the rating was formed: using an analytical platform
Consul Group specialists processed the entire list of properties through the Ownex platform. The service compares cadastral information from Rosreestr with legal and technical data.
The result is a ranked list of the capital's most expensive properties. The leaders of the ranking are multifunctional complexes, which have created a new category of commercial real estate.
Why Moscow-City has come to the forefront
One of the key developments in this review was the designation of high-rise buildings as a special category of high-quality mixed-use developments. This category includes buildings that combine office space, retail space, and residential functions.
Such complexes are characterized by:
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complex engineering schemes,
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developed infrastructure,
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advantageous transport configuration,
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intensive use of space.
Being placed in this category significantly impacts the rating. For a number of properties, the price has doubled or even exceeded, significantly changing the rating structure.
Top Moscow buildings by cadastral value as of 2026
Following the review, the status of the top ten looks like this:
| Building | 2025 Value (billion ₽) | 2026 Value (billion ₽) | Change |
|---|---|---|---|
| Moscow Towers | 53.0 | 125.6 | ×2.3 |
| Federation Tower | 58.9 | 119.7 | ×2 |
| Afimall | 57.0 | 68.6 | +20% |
| IQ-Quarter | 29.0 | 61.3 | ×2.1 |
| Seasons | 63.7 | 58.1 | –9% |
| Naberezhnaya Tower | 29.9 | 55.0 | ×1.8 |
| Eurasia (VTB) | 26.3 | 53.6 | ×2 |
| City of Capitals | 32.3 | 53.0 | ×1.6 |
| Empire Tower | 29.1 | 48.8 | ×1.7 |
| Sberbank City | 18.9 | 48.4 | ×2.6 |
The only property in the top ten whose price has decreased is the Seasons complex. Its calculation coefficients have changed, but its functionality has remained the same.
The role of the "City of Capitals" in the new market configuration
The Capital Group-built multifunctional complex "City of Capitals" demonstrated a nearly 1.6-fold increase in sales. This allowed the complex to cement its place among the top ten most expensive properties in the capital.
The project consists of two towers connected by a stylobate with a retail area. The architectural concept was created by NBBJ, and the building became one of the first high-rise complexes to shape the modern panorama of Presnenskaya Embankment.
The current increase in value reflects a general trend: multifunctional complexes are acquiring a special status and becoming the most liquid segment of commercial real estate.
What will follow the increase in cadastral value?
The revision of the cadastral database has an impact on several areas at once:
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the tax burden on commercial premises is increasing;
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The rising value of MFCs makes them more important for investment strategies;
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the market receives a more precise distinction between types of objects;
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Moscow-City is strengthening its role as a center of business activity.
The results of the review indicate not only an increase in prices, but also structural changes that will impact the future development of the capital's real estate market.
