Declared rental rates in Kyiv decreased for premises in business centers of all classes by 7-8%.
As the press service of CBRE Ukraine told Interfax-Ukraine with reference to the carried out research, the declared rental rates vary in class A objects in the range of $23-28/square meter/month, and in B class objects – $13-23/square meter/month.
The effective rental rate for prime properties since the beginning of the year has remained stable at $25/square meter/month, as the demand for new high-quality rental space remained high.
According to CBRE Ukraine, the average vacancy rate in the office market has slightly increased since the beginning of the year to 14.4% (up by 0.4 p.p.). The vacancy is expected to be relatively well-distributed in the office real estate market. This is a good sign that rental rates will generally not change over the medium term.
