Market report Office 2016 1

Strengthening developer’s activity

In the first six months of 2016 more than 31 thousand square meters of office space were handed over; which is 60% of the total capacity in 2015 and is 56% higher than the amount of office space that was on the market in the first half of last year. A further 65 thousand square meter of new development may appear in the market until the end of the year, which means that the development volume of 2016 will be twice as big as that of last year.The number of annual office handovers is going to return to the level of one hundred thousand square meters; building volume bigger than this can be forecasted for 2018 on the basis of current investments and project plans known so far.

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