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Demand for Kyiv office space nears pre-war levels, but rents are still down 24%, CBRE report shows

Kyiv business district. (Photo by CBRE)

Demand for office space in Kyiv increased in 2024, with take-up approaching pre-war levels, although companies seeking to lease offices were particularly attracted to properties equipped with air raid shelters, according to CBRE Ukraine.

Full-year take-up of office real estate rose 42% in 2024 from 2023 to 129,000 sqm, in line with take-up in 2020 and just 4% below the level reached in 2021, the year before the full-scale Russian invasion, according to an analysis by the commercial real estate services company.

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