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Marketbeat Office Q2-Q3 2024

Research Department

Despite fluctuations in vacancy rates, Tbilisi’s office rental market remains stable. Class A office spaces are rented at an average of $30.3 per SQM, while Class B spaces have experienced a slight increase, reaching $22.5 per SQM.

Vake leads the office market, accounting for 37% of the total GLA, followed by Saburtalo with 23%, reflecting the ongoing evolution of Tbilisi’s business landscape. 

 

Marketbeat Office Q2-Q3 2024

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