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Ukraine news

08.08.2007

Developers prefer offices above commerce


The capital developers began an intensive implementation of the projects on the office buildings construction. They say the reason why the commercial centers construction is left behind is a critical lack of good land plots.

As a result, a monthly rent price of commercial places in Khreschatik is USD 350 per square meter.

As to the Build&Live Development director Viktor Rasputnyi, today the city construction board considers twice more business-center projects than commercial ones.

The investments in these projects are the same (USD 1.2-1.5 thousand per square meter), the same long are the time constraints for their repayment.

The source: Rynok.biz