In the Moscow City business district, over half of flexible offices remain unoccupied. Experts believe this is due to changes in tenant preferences, as tenants transition to remote work and cut office rental budgets.
Flexible offices offer modern working conditions, such as short-term workspace rentals and flexible pricing plans, which save on office rent and mitigate risks. However, according to market analysts, these advantages have lost their relevance during the pandemic.
The main factors driving flexible office vacancies are ongoing social distancing measures and increased remote working. Furthermore, many companies have reduced their office space budgets and transitioned their employees to working from home.
Experts believe the situation may improve in the near future if the economy recovers and commercial activity resumes. Otherwise, the flexible office market in Moscow City could face serious challenges.
