Demand for flexible office space in Moscow has caused the capital’s vacancy rate in co-working spaces to fall to a record low of 7.7% in the first quarter of 2024. writes about this RIA News with reference to data from the consulting company NF Group.
The share of available jobs in network operators’ flexible offices decreased by 7 percentage points. quarter and 16 sp in a year. The main reasons for this were the closing of a number of large deals for the rental of flexible offices and the lack of new large co-working spaces with high vacancy in the first months of the year.
“We expect tenant activity to remain high through 2024 and think the share of vacancies in co-working spaces may decline further,” NF Group warned.
According to the company, there were fewer than 4,000 unpaid jobs in the capital’s approximately 52,000 co-working spaces in a total of 364.2 thousand square meters of open flexible spaces at the beginning of April.
Only one new co-working space, Prowork, opened, employing 300 people in the first three months of the year. However, nine more projects with a total area of over 39 thousand square meters are expected to be implemented by the end of 2024. Thus, by the end of the year, the total volume of flexible offices in Moscow may exceed 403 thousand m2, that is, 58 thousand jobs.
The average rent requested for a workplace in the capital’s co-working spaces was 36 thousand rubles per month in the first quarter. The main tenants of flexible offices were finance and banking companies (31% of transactions), TMT sectors (25%) and manufacturing businesses (17%).
Before that, it was known that he was the co-founder of WeWork. plans Buying the company out of bankruptcy.
Previously in the USA bankrupt largest coworking space network.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.