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Supply of Offices at A-class Business Centres Grows 5 Times, Prices Decline

Over the past 3 years the number of offices at A-class business centres has increased 5 times, according to the market analysis by Colliers International Georgia.

Sandro Shamanidi, broker for the company’s department for offices, noted that the fact has influenced the prices and the averaged weighed price per square meter declined by 29% (-10 USD).

„Radical changes in prices have enabled companies, which have signed leasing contracts before 2015 and have not prolonged contracts since then, to move to better offices at almost the same tariffs”, Shamanidi said