In 2025, demand for office property purchases in Almaty reached 81.1 thousand sq m, according to Bright Rich | CORFAC International. This represents a 33.6% increase compared to 2024, when 60.7 thousand sq m of office space was sold on the local market.

The largest transaction of the year was the acquisition of approximately 15,000 sq m of A+ class offices in Almaty Business Park by a financial institution. The second largest deal was Rich Stone Development’s purchase of the Teniz Towers business center (12.8 thousand sq m). Other notable transactions included the sale of Saba Plaza (9.9 thousand sq m) to a private investor and the acquisition of the Grey business center (4,000 sq m) by Birinshi Lombard. In addition, Rich Stone Development became the owner of the CDC-2 project (2.3 thousand sq m) in 2025.

A total of 16 office property sales transactions exceeding 500 sq m were concluded in Almaty in 2025. Demand was evenly split between investors and owner-occupiers. In 2024, 11 similar transactions were recorded on the local office market.

“Low vacancy rates and rising rental costs in Almaty make the acquisition of business centers attractive for investment purposes. Owner-occupiers are also showing strong interest, as purchasing office space allows them to hedge against rental growth and invest surplus capital in a stable asset. In the long term, this strategy proves more efficient, with investments paying off within six to eight years,” said Artemiy Pestovsky, Partner and Director of Bright Rich | CORFAC International Kazakhstan.

By the end of 2025, office rental rates in Class A properties in Almaty increased by 6%, reaching KZT 25,500 per sq m per month, including VAT and operating expenses. Class B+ rates rose by 5.4% to KZT 17,400 per sq m, while Class B rents reached KZT 12,500 per sq m per month.

About the Company:

Bright Rich | CORFAC International is one of the leading companies providing brokerage, analytics and valuation, and consulting services in the office and warehouse real estate market, as well as investing in commercial property. Bright Rich is a member of CORFAC, an international association of commercial real estate brokers from the USA, Canada, the UK, and other countries. BR | CORFAC International consultants operate in Kazakhstan, the UAE, and Russia. The company’s transaction portfolio exceeds 3 million sq m of high-quality real estate.