In Q2 2020, there were no new additions to modern office stock. Several pipeline projects are accelerating for the commencement of construction in 2020, while some have been postponed due to uncertainty or financing issues. By the end of 2022, it is expected that more than 80,000 sq m of modern office premises will have been delivered to the market.
Take-up has decreased compared to the previous quarter due to slower economic activity caused by the pandemic. More office sublease options will be available in the coming quarters.
Vacancy rates increased slightly mainly because of vacated class B2 office premises. Class A office premises remain in high demand.