What "sober" the real estate market?! - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine
Rents in the capital have been very high and now gradually getting back to normal. In addition, developers have to focus more on the tenant. This opinion was expressed by Deputy Director for strategic...Crisis "sober" the office marketRents in the capital have been very high and now gradually getting back to normal. In addition, developers have to focus more on the tenant. This opinion was expressed by Deputy Director for strategic development and marketing of TMM Alex talker on the forum РўРѕtal Office: office property, the philosophy of office space, design, architecture".As the correspondent, A. talker said that the past two years, the growth of rental rates in Kiev ranged from 20 to 40%, and it was believed that the renter and the buyer will "eat" everything.According to estimates TMM, 60-70% of office space in the capital was held by foreign, mainly Russian, companies, and only 30-40% - Ukrainian. "Foreign tenants could not understand the reason for such a high, even by European standards rates," said A. talker.According to him, virtually all the business centers of Ukraine were occupied by "late heinous transport interchange and the rough finish". "As a rule, in Kiev, no one thought about who will rent space office center under construction, and how it will function in the condition is not developed by engineering systems", - said Deputy Director for strategic development and marketing of TMM, adding that "starting point" for the developer during the construction of the centre was land, and then everything else."The crisis should be sobering act as developers and builders. It's a chance to reflect on what an office building, the developer must look through the eyes of the tenant, and the architect of investors", - said A. talker.Deputy Director for strategic development and marketing of TMM also noted that in Ukraine still there is no official classification of office buildings, and even the definition of an office building as such. Despite this, the design of offices and business centres has clearly established the cost. In Kiev it is $15-27 per 1 sq m, and in the regions - from $10 to $12 per square meter. While construction costs are: $1200-1350/kV.