IT OUTSOURCING PLAYBOOK

Office Rent

Regardless the difficult situation in 2014, it was quite productive in the context of construction.

According to the stats, in the first three-quarters of 2014, at about 114 thousand square meters were put into operation compared to 88.3 thousand square meters within the same period last year. But vacancy rate broke all historical “records” of the Kyiv market, exceeding 23%.

In Class A, the rate increased by 5 percentage points and reached 32.4%, while in Class B – by 3.5 percentage points to 19,4%. Maximum rental rate dropped down from 42,0 dollars for a “square” at the beginning of 2014 to 27,0 dollars at the end of the third quarter of 2014.

The survey revealed that 45% of the total offices available have been rent by IT outsourcing companies. The second largest sector renting offices is the one providing consulting services. Telecommunications and production areas occupy third and fourth places respectively.

Office rent depends on the class of office, location and city. The table below provides general characteristics of office type, location and price.