Astana office vacancy near zero in high-demand districts
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Office vacancy rates in Astana's most sought-after districts have fallen to near zero, according to Kursiv.kz. The city's business centers operate at high daily occupancy, with virtually no free space available in key areas.
Occupancy Levels
Astana is one of Kazakhstan's most office-centric cities, with a majority of employees working for hire and daily rhythms set by business centers and corporate structures. Kursiv.kz reports that most modern buildings in the capital operate at high occupancy. In the most popular districts, vacant office spaces are virtually nonexistent.
Market Dynamics
The tight market reflects sustained demand from corporate tenants and limited new supply. Business centers in central areas face queues for elevator access during peak hours, a symptom of overcrowding. Analysts note that rental rates have risen as a result, though exact figures were not provided.
What's Next
Developers are expected to announce new office projects in the coming months to ease pressure. It remains unclear whether supply can keep pace with demand, especially in the short term.
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Astana office vacancy near zero in high-demand districts
