[ad_1]
Business center under construction in Lviv. Photo by Vladimir Ivanovo (V)
During the quarantine, developers did not stop building business centers. And those who haven’t started the actual work yet will likely take the opportunity to stop and reevaluate the situation in the market. There are currently almost 27 office buildings under construction or planned in the capital.
Such food is announced in the second-quarter office survey by real estate development company (RE) Newsec.
According to his calculations, the modern office market perbalandbirel was more active than could have been expected. During the period, 27,000 m2 was agreed. m of rent (a maximum of 15,000 square meters leased by Western Union).
photo :: 1 left
This is the largest office transaction of the year so far, not only in Vilnius, but also in all the Baltic States, demonstrating the active development of service centers already operating on the market. The development was also carried out by companies like the Metso and Migration Department, the report quotes Jurgita Ragai, Head of the Newsec Mediation Group.
In addition, in the first half of the year, leases amounted to 63,500 square meters. meter. This represents approximately 55% of the volume reached in 2019.
According to Newsec, the office sublease market is currently active, but quick real deals are limited by long-term commitments and difficulties in re-planning facilities.
According to J. Ragaisteig, in the next six months, the objects will be completed, leaving 95,000 square meters. m of leased area (70% of this area is already occupied).
New projects did not stop in Vilnius. (…) All of 2020 The planned completion of the buildings is projected to be completed, and a more significant correction to the supply of the new area can be seen at the end of the year or in 2021. Based on the review, developers who are likely to have not started construction, take the opportunity to wait and reevaluate the situation in the market.
2020 In the second quarter, the vacancy rate for modern offices reached 3.3%, an increase of 0.6%. point compared to the first quarter. Upon completion of all planned 2020 projects, the vacancy rate may increase to 710%.
In recent months, rental prices have remained largely unchanged, and the average price of new accommodation has increased slightly. In class A, the average rent is 15.5 square euros. m, class B 11.9 Eur / sq. meter.
And the general price level started to rise very slightly even a year ago, due to annual indexation. It can be seen that the rental prices of new construction projects are higher than the market average, and older office building managers, taking into account the rapid growth of modern office space, are beginning to apply conditions more flexible rental, believes J. Ragai.
[infogram id=”08dd7f0f-1980-4f9f-ad42-c4c4113d3cf6″ prefix=”3uC” format=”interactive” title=”Copy: 2020 m. antrj pusmet baigiami verslo centrai Vilniuje biurai pastatai cbre”]Follow the news and trends of the real estate market on the Facebook page V Real Estate
Rayti commented
[ad_2]
