In total, modern office stock is expected to increase by impressive 26% by the end of 2020.
Within the next 2-3 years, due to further market expansion and development, the class A rent of Tbilisi’s modern office stock should continue a stable downward trend.
In 2019, the vacancy rate in class A business centres dropped from 39% (2018) to 25%, mostly as a result of the absorption of vacant spaces in KDBC and GMT Plaza. Overall, the city vacancy rate stands at 14%.