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Dnipro, Ukraine. Office Real Estate Market Snapshot
Strong office real estate market conditions in one of Ukraine’s commercial centers
Demand
Dnipro is a significant industrial and commercial center in Ukraine, with a thriving economy that supports the livelihoods of over a million residents. In 2019, the city was home to 31,191 businesses and over 600,000 employed individuals. The dominant industries include agriculture, energy, mining, finance, education, retail, and information technology. The latter sector is particularly robust, with more than 12,000 IT professionals and over 170 companies, including international corporations such as Oracle, Luxoft, DataArt, and SoftServe. This diverse array of industries creates a robust real estate market for landlords, with high demand for both premium and budget-friendly office spaces.
The city of Dnipro holds great promise for economic growth and has been recognized as one of Europe’s cities with strong economic potential in the Emerging Europe 2020 rating.
However, the recent global economic slowdown has impacted both global and Ukrainian corporate sentiment, leading to a decrease in new business ventures and closures. Although the crisis affected each Ukrainian industry, major advantages of Dnipro’s as a Europe’s and Ukraine’s…
