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What does it cost and what does the price of commercial space depend on?
The demand for commercial spaces is gradually increasing, as their purchase and rental is one of the profitable businesses today. On the first floor of almost every building you will find a shop, pharmacy, bakery and other types of shopping facilities.
Commercial premises are quite actively sold and rented, their price is always higher compared to residential apartments. All over the world, leading brands, cafe-restaurants, banks always prefer central areas, our capital is not behind this trend either. Well-known brands and cafe-restaurants rent spaces on the central streets. In this regard, the most popular places are:
- Rustaveli Avenue;
- Pekini Avenue;
- Chavchavadze Avenue;
- Old Tbilisi.
Office-commercial spaces have their own specifics. Most of the offices are located in relatively secondary streets and suburbs, although there are large companies that buy office space on the main street, in buildings decorated with large facades and stained glass windows. This, in turn, depends on the size and budget of the company.
The cost of commercial space for rent - by area (sq.m):
- Old Tbilisi 14 - 100 GEL;
- Vake-saburtalo 16 - 110 GEL;
- Isani-Samgori 21 - 80 GEL;
- Gldani-Nadzaladevi10 - 59 GEL;
- Didube-Chugureti 18 - 48 GEL.
The cost of commercial space when buying - according to areas (sq.m):
- Old Tbilisi - 2,787 - 12,462 GEL;
- Vake-Saburtalo - 2,232 - 12,060 GEL;
- Isani-Samgori - 2 546 - 10 425 GEL;
- Gldani-Nadzaladevi - 782 - 4 663 GEL;
- Didube-Chugureti 653 - 11 329 GEL.
In many cases, even small factors affect the change in the value of commercial space. For example, it is possible that commercial premises on the opposite side of the same street have different prices. Similar cases are determined by the specifics of commercial spaces. If the shopping facility is located in a crowded and busy place, it is quite expensive. The price of commercial space in the central area may always increase depending on the demand. There is a high demand in newly built buildings with commercial space on the edge of the street, which in turn increases the price. Also, the presence of parking in many cases increases the cost, especially in light of traffic jams in the city today, this is a great convenience and advantage.
If the commercial space is in a crowded area, it is sold quickly, because large pharmacy chains or well-known brands quickly buy or rent the space they are interested in. In recent years, commercial spaces have become very expensive due to the increased number of foreign investors.
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