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Commentary on Commercial Real Estate Market in Kiev, Q4 2013

​The Kiev office market showed a substantial slowdown in completions in 2013.

  • Net absorption in 2013 was the lowest since 2010.
  • Prime rent remains stable at USD420 sq m pa.
  • Vacancy rate and availability jumped significantly in 2013 and reached a record, average, level of 18.7%.
  • 2013 shopping centre completions stayed at the same level as 2012
  • The demand side in the retail market remained positive but with risks to the downside.
  • Due to new supply entering the market in 2013, the vacancy rate in Kiev grew to 6.5%.

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