Why is it that a rental property depreciates, all give her up? - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine
In the capital of Ukraine due to financial crisis, many companies refuse to rent expensive...Office rent continues to fallIn the capital of Ukraine due to financial crisis, many companies refuse to rent expensive in the center and moving to cheaper offices in other parts of the city. Since the beginning of the fall of rents in the office segment decreased on average by 5-10%.Instability is forcing the company to revise the structure of their costs. As a result, some decide to leave the market, some refuse to desire to expand the business next year. Thus, the demand for office space is falling, says Vladislav Topchev, head of Department of office real estate company DTZ. For the second month in many Metropolitan business centers appeared vacant area, which has not previously been observed, writes "Business".Under forecasts of experts, by the end of this year, rents for office space will fall another 15%.Meanwhile, the managing partner of the Ukrainian office of the consulting company CB Richard Ellis Radomir Turcan noted that the natural decline in rental rates, as the rate of growth in Kiev for the past two years were the highest in all of Europe. While in Toronto, for example, the rental Price per square meter of office in Frankfurt is 74 dollars, and Toronto is less than 56 dollars, in Kiev, the figure is 77-80 per square meter.According to R. Turcan, the capital rental growth continued for several years and has reached its absolute maximum. In the near future experts expect them to fall.Now renting office space is getting cheaper all over the world.