CBRE's statistics shows that the rental price for class A office stands at 39.6 USD/m2/month, class B office is at the average price of 21.3 USD/m2/month and the class C is at $ 17.7 / m2/month.
Thanks to continuous reduction in rent over time, customers have returned to the office for rent market. That makes the rate of empty spaces of class A office decreased to 15.6%.
The rate of empty area TTVP class C also decreased, from 16% in the quarter IV/2009, now down to 14%. An important trend contributing to reduced free space of grade C is just one custumer but rents entire floors of the building with preferential prices.
Particularly, the area ratio of empty space of B class in the quarter 1 of 2010 increases from 10.7% up to 11.4% despite of the fall of prices. The reason for that is in quarter 1 / 2010, this market segment has a huge amount of new suppliers (nearly 44,000 m2), higher than the new leasing customers' needs.
Knowing this situation, many investors are intending to push the prices up. Mr. Adam Bury, Market Research & Investment Consulting CBRE said: "For existing buildings near those are almost filled out, the owners are pushing prices up."
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