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Commercial Real Estate Market Report, Q2 2015, Kiev

In Q2 2015 less exchange rate volatility combined with an increase in activity among local companies made a positive impact on Kiev’s commercial real estate market. Rents have started to stabilize in both the office and retail segments, vacancy rates in the retail segment have started to pull back and net absorption in the office segment has started to grow.

At the same time, new completions in 2015 for both markets are expected at a  record low level. Thus, we have reviewed our office and retail completions prognoses for 2015 because the timing of the majority of announced projects will be postponed.

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