As a result of the coronavirus (COVID-19) pandemic, along with an increasing number of businesses exiting Russia after the onset of the Russia-Ukraine War, office real estate demand is experiencing a decline. Class B+ office properties in Moscow had the highest fall in absorption compared to other classes, at minus 132 thousand square meters between January 1 and June 2, 2022. The absorption volume of class A offices decreased by nearly 96 thousand square meters since the beginning of the year.
Volume of absorption in the office real estate market in Moscow from January 1 to June 2, 2022, by class
(in 1,000 square meters)
Characteristic
Absorption volume in thousand square meters
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Commonwealth Partnership. (June 2, 2022). Volume of absorption in the office real estate market in Moscow from January 1 to June 2, 2022, by class (in 1,000 square meters) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1241446/russia-absorption-of-offices-in-moscow-by-class/
Commonwealth Partnership. "Volume of absorption in the office real estate market in Moscow from January 1 to June 2, 2022, by class (in 1,000 square meters)." Chart. June 2, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1241446/russia-absorption-of-offices-in-moscow-by-class/
Commonwealth Partnership. (2022). Volume of absorption in the office real estate market in Moscow from January 1 to June 2, 2022, by class (in 1,000 square meters). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1241446/russia-absorption-of-offices-in-moscow-by-class/
Commonwealth Partnership. "Volume of Absorption in The Office Real Estate Market in Moscow from January 1 to June 2, 2022, by Class (in 1,000 Square Meters)." Statista, Statista Inc., 2 Jun 2022, https://www.statista.com/statistics/1241446/russia-absorption-of-offices-in-moscow-by-class/
Commonwealth Partnership, Volume of absorption in the office real estate market in Moscow from January 1 to June 2, 2022, by class (in 1,000 square meters) Statista, https://www.statista.com/statistics/1241446/russia-absorption-of-offices-in-moscow-by-class/ (last visited July 22, 2024)
Volume of absorption in the office real estate market in Moscow from January 1 to June 2, 2022, by class (in 1,000 square meters) [Graph], Commonwealth Partnership, June 2, 2022. [Online]. Available: https://www.statista.com/statistics/1241446/russia-absorption-of-offices-in-moscow-by-class/