In the next five years the demand for coworking spaces in Russia will more than triple, experts from the investment company R2 Asset Management note. At the same time by the end of 2022 the total area of Russian coworking spaces will double.
According to Inna Safargali, head of the R2 Asset Management lease department, active growth in this segment is largely due to the pandemic. “According to our estimates in the near future the number of employees permanently working remotely will reach 25%, which will further stimulate the demand for flexible office spaces,” the expert noted.
At the end of the third quarter of 2020 the average occupancy of such premises in Russia is at least 70% of the existing volume of space. Over the next five years this figure will continue to grow steadily and by 2025 will reach at least 85% in volume. In the short term the total area of domestic coworking spaces may double in two years.
Today in Moscow there are 190 coworking spaces with a total area of 220,000 sq. m. The cost of renting one workplace in a business class coworking located in a class A or A+ business center is in the range of 20,000 – 35,000 rubles per month. It includes all turnkey office infrastructure, round-the-clock access, secretarial services, large meeting rooms, conference rooms, mini-offices, business lounges and full-fledged recreation areas equipped with a kitchen. In such spaces integration with transport infrastructure, parking, fitness clubs, cafes and restaurants within walking distance is required.
“Although most of the coworking spaces in Russia are concentrated in Moscow and St. Petersburg, I am sure that a new round of development in this segment will be the emergence of coworking spaces in cities with an active lifestyle. I believe that the main driver shaping the demand for coworking spaces is not only small and medium-sized businesses, but also the more and more applied project approach to organizing business (including large corporations), the need to quickly deploy a team and take into account the needs of employees of a new formation “, – notes Anton Melnikov, Managing Partner of R2 Asset Management.Published in Vedomosti