40 million rubles for a parking spot: this is currently the most expensive parking space available for open sale in Moscow. Price records are being set not only in premium residential complexes but also in comfort-class properties, both in terms of lot prices and rental rates. How much does it cost to buy or rent a parking space in the capital? And what returns do investors get?
Parking spaces in the capital are rising in price faster than housing itself. Among the reasons are not only their scarcity but also the policies of developers. On average, new residential buildings have three times fewer parking spaces than apartments. To maximize profits, developers open sales at the last moment, often just before the building is commissioned, leaving buyers with no choice. Over the past three years, parking spaces in new elite residential complexes in the Central Administrative District, for example, have increased in price by 70%.
Parking spaces will continue to rise in value alongside apartments. In the budget for purchasing premium housing, a parking spot accounts for 7% to 10% of the total lot price.
Parking rentals are also becoming more expensive. In Moscow’s Central District, the average rate starts at 60,000 rubles, while in Moscow City, it can exceed 100,000 rubles per month. For the same price, one could rent an average studio apartment in a new building. Price records are being set across all housing segments. In the business-class segment, prices have risen by 14% since the beginning of the year (reaching up to 6.5 million rubles), while in the comfort segment, they surged by 22%, exceeding 3.5 million rubles. Demand-wise, the comfort segment has seen the biggest decline, dropping by 33% since the start of the year. For residents, parking spaces are too expensive, but for investors, they are more profitable than residential real estate.
Purchasing parking spaces has become a business in itself. The highest prices for comfort-class parking are observed in areas such as Mozhaysky, Maryino, Troparevo-Nikulino, and Ochakovo-Matveyevskoye, starting at 3 million rubles. In the business-class segment, these include the Academichesky, Khoroshevsky, Zamoskvorechye, and Sokolniki districts, with prices starting at 4.5 million rubles. For private investors, the low entry threshold is a key factor. Typically, two or three parking spaces are purchased. Rental income depends on the social composition of the area, averaging between 75,000 and 85,000 rubles per month.
Demand for parking space rentals will only grow, especially in areas with spot development. Car-free courtyards leave residents with little choice. The price of such lots has already matched the average cost of a new car. Outside the Third Ring Road, parking spaces range from 2.5 to 3.5 million rubles, even in Krasnogorsk, yet there are waiting lists for rentals. Monthly rates reach 20,000 rubles outside Moscow and up to 30,000 rubles in areas with severe parking shortages. This is a dynamic market with strong returns, around 10% annually, and parking spaces themselves appreciate over time.
Meanwhile, garages within the Moscow Ring Road (MKAD), constantly under threat of demolition, have significantly dropped in price. If a year ago owners asked for 1.5 million rubles, today they are willing to sell for just 1 million rubles.
Central Administrative District
The **Central Administrative District** is a key governmental and historical area in many capital cities, often housing important institutions, landmarks, and offices. For example, in Moscow, it includes the Kremlin and government buildings, serving as Russia’s political center since the 15th century. Similarly, other nations designate such districts to centralize administration and preserve historical significance.
Moscow City
Moscow City, also known as the Moscow International Business Center (MIBC), is a modern high-rise district in the capital of Russia, designed to be a financial and business hub. Developed since the 1990s, it features iconic skyscrapers like the Federation Tower and Mercury City Tower, symbolizing Moscow’s economic growth. The area contrasts with the city’s historic architecture, representing Russia’s push toward contemporary urban development.
Mozhaysky
Mozhaysky (or Mozhaysk) is a historic town in Moscow Oblast, Russia, known for its significant role in medieval Russian history. Founded in the 12th century, it was a key fortress defending Moscow’s western borders and is home to the 14th-century Luzhetsky Monastery. Today, it features historical landmarks like the Mozhaysky Kremlin ruins and is associated with Alexander Mozhaysky, a pioneer in aviation who tested early flying machines nearby.
Maryino
Maryino is a historic estate located near Moscow, Russia, originally established in the 18th century as a noble residence. It belonged to the Sheremetev and later the Orlov-Davydov families, featuring a grand palace, landscaped parks, and artificial lakes. Today, it serves as a cultural and recreational complex, preserving its architectural heritage while offering public access to its picturesque grounds.
Troparevo-Nikulino
Troparevo-Nikulino is a district in southwestern Moscow, Russia, formed in 1991 by merging the former villages of Troparevo and Nikulino. Historically, these settlements date back to the 14th and 15th centuries, with Troparevo once belonging to the Novodevichy Convent. Today, the area is a residential district known for its green spaces, including Troparevsky Forest Park, and its proximity to Moscow State University.
Ochakovo-Matveyevskoye
Ochakovo-Matveyevskoye is a historical district in southwestern Moscow, Russia, formed in 1997 by merging the former villages of Ochakovo and Matveyevskoye. The area has roots dating back to the 14th century, with Matveyevskoye once being a noble estate and later a notable military settlement. Today, it is primarily a residential area with historical landmarks, including the 17th-century Church of the Nativity of the Virgin in Matveyevskoye.
Academichesky
Academichesky is a residential district in Yekaterinburg, Russia, known for its planned Soviet-era architecture and academic institutions. Developed in the mid-20th century, it was designed to house scientists, engineers, and workers from nearby research centers and the Ural Branch of the Russian Academy of Sciences. Today, it remains a quiet, green area with a strong academic and cultural atmosphere.
Khoroshevsky
Khoroshevsky is a district in northwestern Moscow, Russia, known for its mix of residential areas, parks, and modern developments. Historically, it was part of the suburban outskirts of Moscow, with its name derived from the old village of Khoroshevo, which dates back to the 14th century. Today, it is a growing urban area, featuring business centers, cultural sites, and remnants of its pastoral past.
