In the first half of 2024, the vacancy rate in class A has almost aligned with the figures in class B+/-.  The amount of vacant office keeps shrinking both in move-in ready and off-plan office projects, which affects the weighted average market rental rate. The shortage of quality space in sought-after locations causes the narrowing of the gap in rental rates across different office classes.

Interest in office lease is still high; however, given the scarcity of large office units in quality buildings, tenants cannot find alternatives, waiting for suitable solutions and generating a pent-up demand.

High demand for the purchase of office space from end users remains, and the share of such transactions in H1 2024 amounted to 31% of the leased and purchased office space.