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FLEXIBLE SPACE REPORT ALMATY Q4 2020

Research Department

During the last quarter of 2020, we have seen the recovery process starting to accelerate with market activity increasing. However, a certain level of downturn will take place due to the fact of negative GDP growth during 2020. Nonetheless, in spite of any short-term volatility flexible spaces will certainly remain a viable and important workplace environment for a variety of user types and reasons, this is confirmed by an increase of occupancy levels from 51% to 70% when compared to the third-quarter results of 2020.

FLEXIBLE SPACE REPORT ALMATY Q4 2020

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