The average rent for office spaces, Kiev, March 2007

(Ukrainian News, Hanna Diakonova, 04/13/2007) The average rent for Class-A office space in Kyiv rose by USD 2.1 or 6% to USD 37 per square meter in March, compared with February.

The Traektoria real-estate agency announced this in a statement, a text of which Ukrainian News obtained.

The average rent for Class-B office space in Kyiv rose by USD 2 or 8.3% to USD 26 per square meter in March, compared with February.

The average rent for Class-C office space rose by USD 2.1 or 11.2% to USD 20.8 per square meter in March, compared with February.

Class-A office space is office space located in new office complexes that are conveniently located and are optimally designed with high-quality finishing and engineering, and automatic vital systems.

Class-B office space has practically the same characteristics as Class-A office space, but it is not so prestigious (as a rule, these are Class-A office space that have been in use for 5-7 years).

Class-C office space is office space with characteristics similar to those of Class-B office space, but with shortcomings in terms of location and equipment.

As Ukrainian News earlier reported, Ukrainian Trade Guild (Kyiv), which operates on the real-estate market, is not ruling out the possibility of rents for space in shopping and office centers rising by 20-25% in 2007.