In the first quarter of 2018, 45,690 sqm of new stock was added to Tricity’s office market, following the completion of the 35-floor Olivia Star office building. Office take-up amounted to 13,400 sqm, according to Cresa. Tricity’s office stock rose by nearly 17 percent y-o-y to 743,500 sqm. In Q1, the region’s vacancy rate fell to 7.7 percent, the lowest since 2012, when it stood at 6.7 percent. Absorption triple from Q1 2017 to to 45,700 sqm.
