Tuesday, April 16, 2024
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127,000 sq. m under construction

(+34%) Flexible Offices in Moscow • Jan-Dec 2021/20

At the end of 2021, the total supply of flexible office spaces, including coworkings, in Moscow reached 254 thousand square meters. This represents a 34% increase year-over-year.

Approximately 127 thousand sq. m are currently under constructions, with some additional 72 thousand sq. m in a “build-to-suit” format.

During the last 5 years, the average annual increase in the supply of flexible office spaces in Moscow was 42%. Like classic offices, the flexible spaces segment has shown notable resilience in the crisis year of 2020 and a significant recovery in 2021, even though some sites of both network and non-network operators have been closed since the beginning of the pandemic.

We are tracking this indicator more closely, including particular flexible office facilities, within our extended Market Reports.

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Macroregional Context