According to Experts Club, the production of construction output in the nonresidential building segment in Ukraine for January–September 2026 declined by 7.2% compared to the same period last year, as shown by an analysis of data from the State Statistics Service conducted by Experts Club.
Nonresidential construction showed the largest decline among the three main categories of construction work. By comparison, residential construction fell by 1.9%, and civil engineering by 4.7%.
The trend in September proved particularly unfavorable. While the total volume of construction output increased by 23.2% compared to September 2025, non-residential construction declined by 13.2%.
This segment includes industrial, warehouse, retail, office, administrative, and other buildings not intended for permanent residence.
According to Experts Club analysts, the key risks for investments in non-residential real estate remain the security situation, rising construction costs, the cost of financing, and uncertainty regarding project payback periods.
At the same time, certain categories of commercial real estate—particularly logistics and manufacturing facilities—may see additional demand due to the relocation of businesses and the restructuring of transportation routes.
Source: Experts Club study – https://www.experts.news/posts/budivelnyy-rynok-ukrayiny-za-devyat-misyatsiv-2026-roku-skorotyvsya-na-51-analiz-experts-club
