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Moscow
Moscow has the largest population of any city entirely on the European continent and is a major hub for science, politics and economics in the Eastern European region. It is one of the fastest growing tourist destinations in the world and attracts visitors with its unique architecture and rich history and is considered to be the centre of Russian culture. It is home to a number of world heritage sites such as the Kremlin, Red Square, Kolomenskoye Palace, and Novodevichy Convent.
The location
Located on the banks of the Moskva River, Moscow is actually one of the ‘greenest’ major cities in Europe, with 96 parks and 18 gardens in the city in addition to 100km² of forests.Four concentric ring roads encircle Moscow city: Bul’varnij Circle, Sadovoe Circle, 3rd Circle, and MKAD circle in an attempt to reduce traffic congestion.
The city is divided into 12 administrative okrugs and 123 separate districts.
Neighbouring areas - price comparisons, per person per month
Looking for an office in Moscow
In recent history, Moscow often experienced shortages in office space despite the opening of many new business centres and office buildings.
However, with the addition of new office space to the market and a recent reduction in demand and prices, the city offers a wide range of available office spaces of varying quality grade.
Costs
However, with the addition of new office space to the market and a recent reduction in demand and prices, the city offers a wide range of available office spaces of varying quality grade.
Costs
A typical four-person serviced office in Moscow will cost between RUB 100,000 and 150,000 depending on location and the grade of the space.
However, when looking at serviced offices it is always worth keeping in mind that these costs usually cover amenities, which may include internet, meeting rooms, reception services etc., and as such can offer great value for money.
Instant Offices currently has a number of different locations available all across Moscow meaning that we can provide plenty of choice in terms of office style and size.
We are able to accommodate most enquiries, from one person through to 100 or more depending on the specifics.
Five things you probably didn’t know about Moscow:
- The average monthly wage in Moscow is almost double the national average
- The population of Moscow is approximately the same as Norway and Switzerland combined
- The Moscow Metro is the busiest underground Metro system outside of Asia carrying up to nine million people every day
- Only New York is home to more billionaires (78) than Moscow (68)
- Ostankino Tower is the tallest freestanding structure in Europe at 540.1m high; it contains 3,544 stairs and plays host to an annual stair race, the record is 11 minutes and 55 seconds
Why choose Moscow?
Moscow is the undisputed financial hub of Russia and as such makes it an attractive home for any companies looking for an office presence that will allow them to rub shoulders with some of the country’s largest banks and major companies such as natural gas giant, Gazprom.
With an impressive infrastructure and a transport network that consists of four international airports, nine railway terminals and one of the largest underground metro systems in the world, it is easy to see why Moscow is more than a match for any major city in the world.
A closer look at Moscow
The CBD
With an impressive infrastructure and a transport network that consists of four international airports, nine railway terminals and one of the largest underground metro systems in the world, it is easy to see why Moscow is more than a match for any major city in the world.
A closer look at Moscow
The following districts are the most popular areas in which to rent office space:
- Geographically the CBD is considered to be anything within the Garden Ring, a circular ring road around central Moscow
- Much lower vacancy rates (under 10%) in the CBD than in the Moskva-City region but still a number of options available
- The CBD contains many domestic and international banks, law firms, consulting companies and the head offices of major companies within the oil and gas and raw materials industry
- New financial area in the Presnensky District situated on the edge of the city centre
- When completed in 2018 it will house over four million square metres of retail, hotel and office space
- Estimated that occupancy has sank from 85% down to 60% due to western sanctions on Moscow and the drop in oil prices
- Rent prices (currently lower than the average for Moscow) are expected to rise when the area is fully integrated by public transport to the rest of the city
- Majority of new tenants are no longer financial companies and include a variety of local SMEs
- Number of multinationals have a presence in the area and include KPMG, Hyundai, IBM, General Electric, General Motors and IBM
- A traditionally affluent and educated area of Moscow
- The business hub of Tverskaya Street is situated within the district
- Home to major administration buildings that include the Moscow Police headquarters, Moscow City Council, the Federation Council and the State Duma
- The district is also famous for its Theatre Square that is home to the world-famous Bolshoi Theatre
Want to find out more?
If you’re looking to move into the area, or simply require more information, contact Instant Offices' specialist local consultants.
Email our team or call us and we'll be delighted to help you.
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