Analytics
Kyiv Office Snapshot Q3 2022
Highlights:
Following the trend of two preceding quarters, leasing activity remained subdued and driven by renewals, renegotiations, and the contraction of existing office spaces. Sublease practice has become more widespread, as occupiers are looking to sublease their office space to optimize rent or operational expenses due to low occupancy rates. Depending on occupiers' lease terms, a sublease is more often a solution in case of lease agreements' inseparability. Yet, the share of completed sublease deals remains low due to limited leasing activity in the market.
Following the trend of two preceding quarters, leasing activity remained subdued and driven by renewals, renegotiations, and the contraction of existing office spaces. Sublease practice has become more widespread, as occupiers are looking to sublease their office space to optimize rent or operational expenses due to low occupancy rates. Depending on occupiers' lease terms, a sublease is more often a solution in case of lease agreements' inseparability. Yet, the share of completed sublease deals remains low due to limited leasing activity in the market.
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