28.2 C
Moscow
Sunday, June 26, 2022
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83,000 sq. m under construction

(+38%) Flexible Offices in Moscow • Jan-Dec 2020/19

At the end of 2020, the total supply of flexible office spaces, including coworkings, in Moscow reached 190 thousand square meters. This represents a 38% increase year-over-year.

Approximately 83 thousand sq. m are currently under constructions, with some additional 52 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 reached 40% to 45%. Like classic offices, the flexible spaces segment has shown notable resilience in the crisis year of 2020, 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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