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Commentary on Commercial Real Estate Market in Kiev, Q1 2014

​The current political and macroeconomic uncertainty in Ukraine has, of course, been felt in the commercial real estate market, most markedly in vacancy rates for both offices and retailers, as well as a significant revision downwards in our forecast level of retail completions for the year. We would also note that due to the current uncertainty, numerous tenants are raising for rental discounts both in the retail and office sectors.​

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