The number of international companies represented in Ukraine has decreased by 78%.

The number of international companies and their representative offices in Ukraine fell from 624 at the beginning of the year to 137 in July 2022, reported UTG. However, it is noted that the exodus began back in 2008. The majority of the international financial institutions that left Ukraine after the 2008 global economic crisis have never returned. Moreover, the armed aggression of the Russian Federation led to a mass outflow of Russian companies back in 2014-2015, and a further reduction of their presence is expected. Among the companies leaving Ukraine are those from the IT industry. “In the near future, the absorption of office space by the IT industry is expected to decrease,” UTG noted. However, experts are convinced that the international public’s loyalty to Ukraine will contribute to the emergence of new European organizations, enterprises, and brands. And this, in turn, will contribute to the new flourishing of office real estate in the country’s major cities after the war.