Demand for rental space fell to seven-year low
In I quarter of 2014 in the capital were put into operation five office buildings with total area of 90,000 sq m
According to international consulting company JLL, is 74 % of the total office space , announced to launch this year. So many new offices during the quarter did not appear the last three years . The total supply of office space in Kiev reached 1.5 million square meters , according to LIGABusinessInform .
Demand for offices are very light. The rental market has antirecord : the proportion of unfilled space rose to 22.1 % – a maximum of seven years .
” The ongoing political events and , as a consequence, changes in the economic situation in the country and could not affect the commercial real estate market and the level of vacancy in the office segment ,” – explains the head office of the group JLL in Ukraine Alexander globin .
The maximum number of vacant premises – in the most comfortable and prestigious business centers of the capital Class A vacancy rate in them reached a historic high – 31.8% . Reasons – excess supply with a minimum demand. For I delivered only quarter 6100 sq m For comparison, in I quarter of 2013 in Kiev was leased 13,000 square meters of offices .
Vacancy rate growth and low demand has led to a decrease in rental rates. According to JLL, the maximum rate for Class A decreased to $ 34 per month per square meter. According to the company Colliers International, the average rate for Class B was reduced to $ 21 per square meter.
Prospective tenants should not rush to move to new offices , experts say. According to them, until the end of the year should be put into operation two business centers with a total area of over 33,000 square meters And because rents will decline .