The office space market in the capital marks a strong start of the year

The office space market in the capital marks a strong start of the year, and their supply continues to increase. In operation, 70,000 sq. m. in the first quarter of 2019, a record for the past 8 years, experts say.

The share of vacant office space increased to 9.5% and concluded new deals for the period decreased slightly compared to the same for 2018The office spaces in existing buildings increased by 2.03 million square meters, and the offices under construction reached 420 thousand square meters.

For the first quarter of the year were signed new deals worth about 23,500 sq. m. The most active on the market remain IT, rental tenants, with 42% of newly leased areas, followed by service companies, including advertising agencies, business consultants, and 25% shared office space operators.