Fixed rental rates for shopping gallery stores with the area of 50-200 square meters for the year increased by 1.3% – to $22.4 in 2025 from $22.1 in 2024, the press service of UTG told the agency “Interfax-Ukraine”.
“Next year we can forecast a slight rent growth from 2 to 5% depending on the region. Further growth of mall maintenance costs (OPEX) and mandatory additional costs for uninterrupted power supply, which will undoubtedly increase the total costs of the tenant. Now there are more significant factors that may influence further increase of rent payments. Among them: growth of demand among tenants to open stores for the development of networks, reduction of offers of quality space and entry of new operators in Ukraine”, – commented the director of UTG Eugenia Loktionova.
She specified that among the factors that stimulate the growth of rates first of all is a stable increase in demand for quality space on the part of retailers.
Regarding individual categories, according to UTG research, as of December 2025 the highest fixed rental rates were for kiosks (1-10 sq. m.) – from $70 to $250 per sq. m/month. (without VAT TA EP), for fashion galleries – up to $32, fashion department stores – up to $18, grocery supermarkets, cafes, restaurants – up to $15, electronics supermarket – $8, children’s entertainment center – $6, cinema – up to $6 sqm/month.
Overall, the market for the end of 2025 shows cautiously optimistic trends. Average daily attendance is growing, although the indicators of the pre-war years have not yet been restored. For example, district format – 680 people per 1,000 sqm GLA in 2025 vs. 660 in 2024 and 760 in 2021. Regional – 318 in 2025, 308 in 2024, and 407 persons per 1,000 square meters of GLA in 2021, respectively.
As of December 2025, 12.8% of space in the capital’s malls was vacant, compared to 13.1% in 2024 and de facto vacancy of 21.4% at the end of 2022. According to UTG estimates, the temporary closure of Gulliver shopping mall had an insignificant short-term negative effect, de facto vacancy was 13%.
In terms of formats, the highest vacancy was in regional malls – 14.9%, in district malls – 13.9% of space was vacant, in specialized malls – 10.1%, in district malls – 6.5%.
UTG company was established in 2001. It has developed more than 1.3 thousand concepts of real estate objects. During the years of work with the company’s participation 4.7 million square meters of commercial space in Ukraine have been leased out.
