Business centers are empty in Kyiv: vacancy is over 20%, and rental rates have fallen by 30% and they continue to fall. According to the UTG, the drop in office rental prices was caused by the outflow of tenants. In January 2022, rent for one square meter in class A was $28.1, in class B, $17.9, and in class C – ... #BusinessCenters #CommercialRealEstate #OfficeVacancy #RealEstateUkraine #UTG
Office real estate in Kyiv has a high vacancy rate. According to Colliers Ukraine company, a record number of vacant offices was recorded in Kyiv this year. Before the start of the war, at the end of 2021, the vacancy was almost 12%, at the end of 2022... #CommercialRealEstate #KyivOfficeRental #officeRealEstate #OfficeVacancy
Remote working will cause a 25% shrinkage of Kyiv’s ‘office footprint’ by 2024, predicted Sergiyenko of CBRE, (Kyiv Post). “In other words, if there are 2 million square meters in total supply — 400,000 to 500,000 square meters will be vacated,” he says. However, he cautions: “Offices are ... #OfficeVacancy #RealEstateVacancy #RemoteWorking
