Experts of the office real estate market shared their predictions for 2023 with Property Times. According to them, the development of the office real estate market directly depends on the situation at the front, and its restoration and return to pre-war or pre-quarantine indicators will occur only under favorable conditions. Kostyantyn Oliynyk, head of the Department of Strategic Consulting at UTG, expressed his optimistic assumption that in a year or year and a half after the end of the war, the market will be able to return to pre-coronavirus indicators.

Anna Silvestrova, head of the office real estate department of CBRE Ukraine, expressed her observations regarding the situation on the real estate market: “It is expected that the situation on the market will remain restrained. However, most market players have already developed a clear strategy — to continue working in difficult conditions with a wait-and-see approach regarding future decisions.”

The situation remains unstable, the demand for office space has decreased significantly, and new construction will not be considered at all.

Currently, those objects that were able to provide their tenants with alternative power sources during emergency power outages are in demand.

One of the top trends for 2023 is co-working spaces. “The co-working model works optimally during crises,” – says Ilya Koenigshtein, the founder of the Creative States network of business spaces. – “Regarding the forecasts of the co-working space industry in Ukraine for 2023, these are undoubtedly the leading positions of system flexible operators.” The expert noted the intention to expand by launching new locations in Kyiv and Warsaw.

“Companies that have chosen a hybrid work format will consider flexible spaces such as co-working spaces. Demand for the latter in current conditions has shown impressive results. This format is especially convenient for freelancers, representatives of small businesses and entrepreneurs who currently cannot afford to rent classic offices,” – comments Olena Zabuzhko, commercial director of BFC Gulliver.

“The rapid growth of the industry will be observed after the victory of the Armed Forces of Ukraine, both due to the fact that many companies will begin to return their personnel from other countries, and due to new business. And here the rates can increase significantly, because at a certain stage the demand can exceed the supply,” – predicts Levon Papoyan, a partner at SnP Partners.