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Residential
05.2022
In May 2022, in Tbilisi the number of transactions of residential flats amounted to 3,398 units, reflecting 56% YoY growth. Market size increased by 69% standing at 168 mln USD
Residential
05.2022
In May 2022 the number of transactions in new projects in Tbilisi increased by 66%, mainly driven by a significant increase in medium and premium segments. The figure for old flats features a 39% growth compared to May 2021.
Residential
05.2022
In May 2022 the number of transactions of newly-built medium flats in Tbilisi has more than doubled, while a 44% increase was recorded in the economy segment. As for the premium segment, the figure has more than tripled (274% increase) Y-o-Y basis.
Residential
05.2022
The weighted average price of newly-built flats in Tbilisi has significantly increased by 14% in the inner city of Tbilisi, while in the suburbs and city centre the figure grew by 10% and 3%, respectively. As for the old flats, the weighted average price has increased by 12% in the inner city, while in the city centre and the suburbs by 8% and 5%.
Residential
05.2022
As of May 2022, the number of transactions of residential flats in Batumi has substantially increased, reflecting a 70% growth up to 1,436 units. The market size has increased by 66% standing at USD 59 millions.
Residential
05.2022
The number of transactions of newly-built flats in Batumi has increased by 69% year over year, while the figure for old flats reflects 74% growth
Residential
05.2022
The demand has significantly increased in all segments of newly-built residential flats in Batumi. The growth in the economy segment stands at 63%, while the number of transactions in medium and premium segments reflects 71% and 84% growth
Residential
05.2022
In May 2022 The weighted average price of newly-built flats in Batumi decreased insignificantly equaling USD 873 per sq m, while the figure for old flats decreased by 9.7%, standing at USD 621 per sq m.
Retail
05.2022
2021 was a quite challenging year for Shopping Centres. Despite the increased vacancy in several Shopping Centres, the overall rate remained stable due to considerably decreased vacancy at City Mall Saburtalo. As for the rental rates, a decrease is observable in particular Shopping Centres, however, due to exceptional cases, the overall picture has not changed significantly.
Retail
04.2022
High streets turned out to be exposed to the pandemic, in terms of increased occupancy rates and slightly decreased weighted average rents. However, Pekini avenue appeared to be most resistant achieving USD 32.1 per sq m and occupancy at 6%.
Retail
04.2022
Along with the recovery of economic activity and tourism inflow, the occupancy and turnover rates of the Tbilisi retail sector were restored.
Office
04.2022
During the Covid-19 pandemic, the occupancy rate of Tbilisi co-working spaces stood at 61%. In line with the increased capacity resulting from the opening of new spaces, the same occupancy rate was maintained in 2021.