IT accounted for 44% of the new office space take-up in Kyiv last year. This was followed by industry and energy with 25% and by co-working and temporary offices at 12%.
With IT growing at 20% a year in Kyiv, CBRE predicts that the current office vacancy rate of 8.5% will stay roughly same through 2022. “If in the next two to three years, demand will correspond to the supply, then significant fluctuations in rental rates are not expected,” CBRE says.
Due to IT companies demanding large floor plates – often 4,000 square meters or more — many office construction projects are fully pre-leased, reports CBRE.