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Research

Report

Kiev Office Market Overview, Q2 2016


• In Q1 2016, no new quality offices entered the market. In H1 2016, only 7,100 sq m of space was commissioned, all in Class B.
• Low new supply helped reduce the vacancy rate by 2.4 pps in Q2 2016, to 20.9%.
• In Q2 2016, the net absorption in the Kiev office market amounted around 37,400 sq m, almost twice the figure in Q2 2015.
• In Q2 2016, prime base rent did not changed and amounted USD340 sq m/ year (USD28 sq m/ month).

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