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There may be a shortage of office space in Kyiv
01
DEC

2017

There may be a shortage of office space in Kyiv

The demand for new office real estate projects is being formed in Kyiv. This was stated by the general director of ME "Kyiv Investment Agency" Oleg Mіstuque during the International Forum EE Real Estate Forum 2017.

"If one and a half to two years ago the business centers were half-empty, now we see that they are practically filled up. Rental rates remain low, but the fact that their is the office real estate deficit and it is confirms that the economy is recovering and business is expanding. There is an additional demand for new projects, and this is a signal for developers ", - said Oleg Mistuque.

According to Mr. Mistuque, the average number of an unoccupied offices in the city has decreased, and the volume of transactions in the market since the beginning of the year increased by 30% compared with 2014-2015. The volume of merger of offices in the 3rd quarter amounted to 48 thousand square meters, which is almost twice as high as in the same period of 2016.

He also noted that the office real estate, recreation, health care and education sector in Kyiv will become key sectors of investment inflows in 2018, both from local and foreign investors.

"If, in 2016, interest in Ukrainian assets was shown by investors who are interested in high speculative profitability, then this year there will be sectoral, institutional investors who intend to expand their business in Ukraine", - Oleg Mistuque summed up.