Average area of office space transaction, up 35pct, nearing record of 2019 (survey)
Publicat:The average area of an office space transaction was 1,810 square metres in the first nine months of 2023, the highest level of the last four years and close to that of 2019, when it registered a historical record of 1,900 square meters, according to a survey conducted by a real estate consulting company.
Compared to 2022 and 2021, the average area of an office space transaction this year increased by 35%, a dynamic that was reflected in the total leasing activity in the first nine months (of 347,000 square meters), 56% above the volume in the similar period last year. Moreover, the third quarter…
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