In the first half of 2009, demand for the Kiev office centers continued to shift towards cheaper premises. During the first half of 2009 vacancy rate in business centers has increased by almost a factor of 2 and reached 10-15%. Until the end of 2009 is expected to fall rates at least another by 12-15%. These are data from a recent research report of \"Knight Frank Research \".
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As reported LigaBusinessInform the press service of the company, I-II quarters 2009 continued downward trend in rental rates, which began in IV quarter of 2008. During the first half of 2009, rates declined in on average 35% of the IV quarter of 2008. In I half of 2009 demand continued to shift towards cheaper premises. The process redistribution of demand for office space in the direction of small units (100-300 square meters). Key events in the first half 2009 in the office segment was concluded several major transactions: Pharmaceutical company "Boehringer Ingelheim Pharma GmbH" signed lease for more than 1,500 sq.m. in the office center on the street. Turgenev, 26. German home appliance maker Miele rented in BC Deloitte 1,000 sq.m. The company "Kimberly-Clark" rented about 600 m. square. in BC "Protasov." The Turkish construction company "Dogus Insaat ve Ticaret AS "rented more than 500 square meters in BC" Carat ", located on the street. Zhylianska, 110. International pharmaceutical companies and international commodity trader rented a 1800 sq. m. in BC "Leonardo-2" on the street. B. Khmelnitsky 19-21A. The company "Huawei Technologies" signed a lease for 2000 sq.m. in BC "Irv". Proposal during the first half 2009 segment of commercial real estate of Kiev Class "B" has increased by 21, 2 thousand sq. m. by entering a business centers, "Capital Hall" and "Left-bank". Thus, the total supply of professional office space Kiev at the beginning of July 2009 was 1055, 8 thousand square meters On July 1, 2009 structure offers a professional office Real estate is as follows: Class "A" - 15%, class "B +" - 31% and "B" - 54%. Demand compared to the same period of 2008 year in the first half of 2009, there were significant changes in the structure demand: significantly increased the proportion of requests for cheaper office space. In January-June 2009 about 40% of lease applications had to segment the class 'B-', whereas in the first half of 2008, more than 50% of requests were application for Class "B +". On a class "C" in the first half of 2009 had 30% of applications, whereas in the first half of 2008, requests for this segment accounted for only 15%. In the market, the process of restructuring Demand for office space. Small blocks of 100-150 square meters area become most liquid objects. In 2008, the most popular have offices ranging from 200 to 500 sq. meters, whereas in January-June 2009, the main number of applications from prospective tenants had to rent office space from 100 to 300 sq.m. Requests for blocks of space over 1000 square meters, as a rule, not associated with the expansion, and the union of different entities separate companies in the same building. Demand for office space in facilities located under construction, is virtually nonexistent. Tenants prefer consider the operating business centers or facilities, ready for commissioning into operation. The preliminary agreement signed in exceptional cases and, as a rule, the conditions for granting significant discounts. During the first half of 2009, vacancy rates in business centers Kiev has increased by almost 2-fold and reached 10-15%. Commercial terms In the first half of 2009 continued downward trend in rental rates for office space, but with the II quarter rate of decline in several slowed. In the first half of 2009, falling interest rates rent averages: Class "A" - 25%, for Class "B +" - 34% Class "B" - 40% of the rental rates set forth in the IV quarter 2008. As of July 1, 2009 rental rates were in the range of $ 420-540/m.kv./god for Class A offices, at $ 240-420/m.kv./god B + class office and $ 180-240 / m
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