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Kyiv office space vacancy to drop to 5% in 2019 on growing demand
Journal Staff Report

KYIV, Dec 4 - The share of vacant A and B class offices in Kyiv in 2019 could drop to 5% amid the forecast of a low new supply and a growing demand from tenants, while the opening of a significant number of new large-scale projects will be announced in 2021, Managing Director of Colliers International (Ukraine) Oleksandr Nosachenko said.

"We expect a fundamentally larger amount of new supply in 2021. A number of office market players and developers are starting to believe in this segment ... The Sky Towers business center [13 Peremohy Avenue, the rentable area is 150,000 sq m] will be the largest project [in Kyiv]. Against the background of other developers' plans for the development of new office buildings in 2021, a large number of new square meters could be commissioned in the market," he said.




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