Amid a persistently high key interest rate and constrained access to financing for businesses, authorities are ramping up support measures for industry and industrial development. These include expanding preferential lending programs, providing infrastructure subsidies, and advancing the development of industrial parks, with plans to commission more than 8 million square meters of production space in Moscow and the Moscow Region by 2030.
As Nikita Bakhcheyev, Managing Partner of Promplan Group, points out, government involvement in supporting industry has become critically important, as the current key interest rate significantly limits businesses’ access to financing. Without additional incentives, many projects simply fail to move forward. In this context, the state effectively acts as a catalyst: through preferential lending, subsidies, reimbursement of R&D expenses, and support for equipment leasing, it enables companies to secure resources and expand production.
Additional support comes from demand-stimulation programs for domestic products, which lower risks for manufacturers and help ensure stable sales. Ultimately, this approach goes beyond targeted assistance, forming a systemic model that drives industrial growth, creates jobs, and strengthens the tax base. In Moscow and the Moscow Region alone, the government plans to facilitate the development of more than 8 million square meters of industrial and technology parks by 2030 – highlighting strong demand from industrial businesses.
For the development sector, this translates into a qualitative shift in both demand and the nature of projects. One key support measure, for instance, is the subsidization of the construction or modernization of industrial facilities. As companies receive this support, they are increasingly entering industrial sites and establishing production operations, becoming full-fledged residents with specific requirements for infrastructure, capacity, and logistics. In this context, developers are no longer simply dealing in square meters but are shaping industrial ecosystems where long-term business growth is essential. At the same time, demand from manufacturing companies is rising for spaces ranging from 400 to 3,000 square meters, which developers must be prepared to accommodate – typically around 150–200 residents per site. Each new industrial project further reinforces demand for such formats, positioning industrial development as a key driver of growth.
“Against this backdrop, industrial parks with well-developed infrastructure are becoming increasingly attractive to investors, delivering stable returns of 20–30% even as the residential real estate market faces challenges,” Nikita Bakhcheyev concludes.