Rent is 25% cheaper! - News about real estate, Kiev, Kyiv region. Real Estate In Ukraine

Rent is 25% cheaper! - News about real estate, Kiev, Kyiv region. Real Estate In UkraineHe noted that until October of this year the Ukrainian office market showed some of the highest rental...Rent office space in Kiev will drop by 25%Rates for the rental of office premises in Kyiv in the first half of 2009 will decrease by 20-25%. This was reported by the managing partner of CB Richard Ellis Sergey Sergienko.He noted that until October of this year the Ukrainian office market demonstrated one of the highest rates of lease: 85 - $ 90./sq m per month (for class "A"). According to CB Richard Ellis in Toronto rate for office premises amounts to 56/USD. sq m per month, new York is $ 93, in Frankfurt - 74 $ in Vienna - 43 $ in Prague - $ 50."Lease payments usually constitute one of the major expensive parts of the budget of companies and it is naive to assume that their top management will agree to rent expensive offices for a long time," said managing partner of the Ukrainian office of CB Richard Ellis Radomir Turcan.



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