In the last quarter of 2018, the office market in the capital continued to grow dynamically

In the last quarter of 2018, the office market in the capital continued to grow dynamically, preserving high activity throughout the year, experts data showed.

The net utilized areas registered a record of 41 500 sq.m. - the highest quarterly level since 3 years. For the last 10 years, the volume of new signed transactions remained above average, with the percentage of leased space in new buildings remaining high - 31% of the total volume for the last quarter and 44% for the whole of 2018.

The supply of office space continues to rise, with offices under construction increasing to 440,000 square meters, of which nearly 320,000 are planned for completion by the end of 2020.

For another year, tenants from the IT, outsourcing and shared services centers with over 60% of the newly rented areas were the most active.