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Research

Report

Commentary on Commercial Real Estate Market in Kiev, Q4 2014


For Ukraine 2014 was the hardest year since the global financial crisis in 2008-2009, and arguably since its independence from the Soviet Union. The deterioration in the economic situation has created significant uncertainty in the commercial real estate market with almost all the primary economic indicators sliding in 2014. The commercial real estate market has responded to the macroeconomic decline with falling rental rates growing vacancy rates and an almost complete absence of investment deals both in the office and retail segments. 

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