Kyiv’s Retail Real Estate Market Shows Promising Growth

The retail real estate market in Kyiv is experiencing significant growth, with a total supply of approximately 250,000 square meters, according to a study by UTG. This growth is not limited to Kyiv alone, as high development activity is also being observed in other regions of Ukraine.

While there are around 50 announced projects in Kyiv, many of them are nearing completion. The Ocean Mall, Lukyanivka shopping center, and Dytiachy Svit (Children’s World) are among the projects that are at an advanced stage. Additionally, commercial premises, such as small supermarkets and shopping centers, are being planned as part of residential complexes.

The total supply of new space in Kyiv is estimated to reach 250,000 square meters in the coming years. The White Lines shopping center, New Ray, April Mall, BalticSky, Ocean Mall, and Lukyanivka are some of the major projects contributing to this supply.

Development activity is not limited to Kyiv but is gradually shifting towards western regions of Ukraine. However, there are also notable projects being announced in the central, eastern, and southern regions. For instance, Odesa has announced approximately 20% of development activity, while Dnipro is witnessing the construction of several large projects and numerous smaller ones.

UTG predicts that these properties will gradually enter the market within the next three to four years, which will impact the vacancy rate.

In addition to Kyiv and other regions, Dnipro is set to see the opening of the Karavan shopping center, Terra-Nova, and the Sich multifunctional complex in the coming years. These projects will contribute to an estimated total supply of 164,300 square meters of retail space in Dnipro.

As the retail real estate market in Kyiv and other regions of Ukraine continues to grow, UTG, a leading real estate company, remains at the forefront, having developed over 1,300 real estate concepts and facilitated the lease of 4.7 million square meters of commercial space in Ukraine since its establishment in 2001.

FAQ Section:

Q: How much retail space is there in Kyiv?
A: According to a study by UTG, the total supply of retail space in Kyiv is approximately 250,000 square meters.

Q: Is the retail real estate market growing in other regions of Ukraine?
A: Yes, high development activity is being observed in other regions of Ukraine as well.

Q: What are some of the projects nearing completion in Kyiv?
A: Some of the projects nearing completion in Kyiv include the Ocean Mall, Lukyanivka shopping center, and Dytiachy Svit (Children’s World).

Q: Are commercial premises being planned as part of residential complexes in Kyiv?
A: Yes, commercial premises such as small supermarkets and shopping centers are being planned as part of residential complexes in Kyiv.

Q: What are some of the major projects contributing to the total supply of new space in Kyiv?
A: Some of the major projects contributing to the total supply of new space in Kyiv include the White Lines shopping center, New Ray, April Mall, BalticSky, Ocean Mall, and Lukyanivka.

Q: Is development activity also happening in regions other than Kyiv?
A: Yes, development activity is gradually shifting towards western regions of Ukraine, but notable projects are also being announced in the central, eastern, and southern regions.

Q: What impact will the entry of these properties into the market have?
A: According to UTG, the entry of these properties into the market within the next three to four years will impact the vacancy rate.

Q: What are some projects contributing to the total supply of retail space in Dnipro?
A: The Karavan shopping center, Terra-Nova, and the Sich multifunctional complex are some of the projects contributing to the estimated total supply of 164,300 square meters of retail space in Dnipro.

Definitions:

– Retail real estate market: The market for commercial properties used for retail purposes, such as shopping centers, malls, and supermarkets.

– Development activity: The construction and development of new properties, including residential and commercial projects.

– Vacancy rate: The percentage of retail space that is currently unoccupied or available for lease.

– Commercial space: Commercially used space, typically referring to retail, office, or industrial space.

Related links:

UTG: Official website of UTG, the leading real estate company mentioned in the article.