Kyiv’s office vacancy rate grew to 12.5% in 2020, up from 9% in 2019,

Tuesday, January 19, 2021
Kyiv’s office vacancy rate grew to 12.5% in 2020, up from 9% in 2019,

Kyiv’s office vacancy rate grew to 12.5% in 2020, up from 9% in 2019, reports NAI Ukraine, the commercial real estate consultancy. At the same time, rents dropped by an average of 20%: to $20-30 per square meter in class A offices and to $12-23 per square meter in class B offices. In addition to the recession, the market took two hits: the addition of 80,000 new square meters and a massive shift to remote working. Largely fueled by IT companies, the volume of gross absorption – or total amount of office space leased in Kyiv — amounted to 85,000 square meters.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Ukraine’s Armed Forces plan to order up to eight new An-74 multipurpose transport jets to start replacing its aging An-26 fleet, Minister for Strategic Industries Oleh Uruskiy

Ukraine’s Armed Forces plan to order up to eight new An-74 multipurpose transport jets to start replacing its aging An-26 fleet, Minister for Strategic Industries Oleh Uruskiy

Next post
French President Emmanuel Macron is to visit Ukraine this spring to sign a contract for Ukrzaliznytsia’s purchase of Alstom electric locomotives

French President Emmanuel Macron is to visit Ukraine this spring to sign a contract for Ukrzaliznytsia’s purchase of Alstom electric locomotives

Previous Main Topics