After the wave of keen interest in the office sector last year due to the influence of pent-up demand, a new demand structure is currently taking shape. The interest in buying buildings and office units is still high, with quality office premises ready for move-in being in high demand.

Based on the results for Q1 2024, the demand for office acquisition continues to grow in the structure of transactions: the share of sale and purchase transactions accounts for 32% (84,000 sq m) of the total amount. Over the eight recent years this is the highest figure. This could be due to the persistent demand for the purchase of office space in new construction projects and closing of major deals in the secondary market.

The average market rental rate differs significantly depending on location. In the most popular areas with developed infrastructure rental rates are significantly higher. Thus, the weighted average rate in Class A inside the TRR is almost three times higher than in Class A outside the MKAD.