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Home » Blog » Analysis of office real estate in the central business district of Kiev

The central business district of Kiev is distinguished by a high concentration of professional business centers. Here is a large part of the office buildings of class "A" and class "B+" and. Despite the high rental rates, there is a stable demand for objects presented in the city center.


According to condition at 1 q. 2019 the volume of office space in the Central Business District of Kiev is:

  • class « A » — 318.3 thousand square meters, which corresponds to 64% of the total supply of the class "And",
  • class « B + » — 101.5 thousand square meters, which occupies 39% of the total area of the class of "B +",
  • class « B » — 250.7 thousand square meters, or 16% of the total volume of the proposed premises of the class "В".

Market structure 1 square. 2019


The central business district of Kiev can be geographically outlined by the boundaries of the street. Zhilyanskaya, ul. Boulevard-Kudryavskaya, st. Big Zhitomirskaya, st. Grushevskogo, and along the street. B. Vasilkovskaya and st. Antonovich, to the Church of St. Alexandra. In the designated location are the landmark business centers of Kiev: Leonardo, Eurasia, Prime, Parus, Gulliver, Grand, Toronto-Kiev, Sofia, Baroque Business Center and others.


By the end of 2019, 151.3 thousand square meters of office space was declared for commissioning, & nbsp; of these, two objects of the class & laquo; A & raquo; located in the central business district of the city:

БЦ Михайловский, ул. Михайловская 12

BC Mikhailovsky, st. Mikhaylovskaya 12

  • BC « Maidan Plaza » on the street. Khreshchatyk 16, (GLA — 15,5 thousand square meters. M);
  • BC « Mikhailovsky » on Mikhailovskaya St. 12 (GLA — 8,5 thousand sq. m.)

Due to the limited possibilities of new construction in the CBD area, developers are resorting to the practice of redevelopment. One such example, the conversion of an industrial complex into a commercial real estate in the central part of Kiev, is a business center on ul. Korolenkovskaya:

  • BC « Platform », st. Korolenkovskaya, 3 (GBA — 19,8 thousand square meters. M)

On the territory of the former « Garment Factory « Voronin » » there will be a new business center, with a developed infrastructure, including conference rooms, restaurants, banks, terraces on the roof of the building, and a large parking lot. An additional advantage is the pedestrian accessibility of the building to the metro station. Olympic. Commissioning of the entire complex is scheduled for 2 square meters. 2020.


Office space in the Central Business District is always in greatest demand. In the CBD area, there remain those companies for which the central location affects the optimization of business processes and the company's image.

The most in demand among tenants are such business centers as Leonardo, Parus, Gulliver, Sofia, Millennium, Dynasty, Toronto-Kiev. These objects combine such characteristics as: iconic location, professional management, high level of technical equipment, high-quality interior decoration, specific characteristics of offices, developed business center infrastructure.


Vacancy rate 1 sq. 2018 - 1 quarter 2019

The vacancy rate   in the context of classes of objects:   1 square. 2018 — Q1 2019

The share of vacant space in the business centers located in the Central Business District of the city, continues to decrease. The main volume of vacant premises in the BC Class « A » falls on objects: Mariinsky, Grand, Gulliver. Such objects as Sofia, Millenium, Mandarin Plaza, Senator, Baroque Business Center – filled to 100%.


Rental rates for class A premises in the central business district are on average $ 25-35 per sq.m / month, not including operating costs and VAT. In some cases, when renting an office with furniture, with the best specific characteristics, the rental rate reaches $ 37-38 per sq.m / month. When renting large areas in new business centers, it is possible to rent premises at the rate of $ 20-25 per sq.m / month. In this case, future tenants will be forced to add to the cost of renting the cost of finishing the office.

In the central business district with class business centers « B + » rental rates of $ 22-29, not including operating costs and VAT, offices class "la" » offered at rates of $ 13-25. The value of the rental rate depends on the list of services provided by the management company of the business center, the availability of additional infrastructure, the quality of the finishing of the proposed office space.

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