Rental rates for logistics space in Ukraine have doubled since August, following a series of attacks on warehouses and facilities belonging to Ukrainian businesses, said Polina Kosharna, co-owner and chair of thvisory board of Suziria Group, during the Forbes Ukraine Business Breakfast program “Business Under the Red Scenario.”
“While at the beginning of August it was possible to find warehouses for $3–5 per square meter, now you won’t find anything under $8—the standard price is $10. The peak we saw in the Kyiv region was EUR12 per square meter, and that warehouse was snapped up within a day. In other words, while we were thinking it over and negotiating, we were told the warehouse was already gone,” Kosharna said.
According to her forecast, the peak in inquiries and rental rates is expected over the next 6–9 months; however, there are currently no Class A properties under active development, while Class B warehouses are being built more actively.
“The average size that I think will be in demand is between 1,000 and 3,000 square meters. It’s entirely feasible to build a Class B shell in 6–9 months. And we’re already seeing that people are starting to do this. So we’re not the only ones adapting. That’s why I’m confident that starting in mid-2027, there will be significantly more supply,” Kosharna noted.
As previously reported, the Suziria Group warehouse in the Kyiv region was damaged as a result of a Russian attack on the night of September 19. It was noted that the facility comprised 10,000 square meters of modern logistics infrastructure, including 2,000 square meters of additional capacity that the company had added and fully equipped this year.
According to a WINHUB study, as of early September, Ukraine’s warehouse infrastructure had shrunk by 50%: of the 4.2 million square meters that existed at the start of 2022, the enemy destroyed 2.1 million square meters (Classes A/B). New construction between 2022 and 2026 (800,000 square meters) only partially offset these losses. The situation is even more acute in the Kyiv region, where more warehouses were lost in the first eight months of 2026 than during the entire 2022–2025 period; in total, 68% of the stock (1.5 million square meters) was lost.
Suziria Group is a Ukrainian family-owned group of companies that has been developing the pet products market for over 30 years. It comprises Suziria Brands, Suziria Distribution, and the MasterZoo chain of pet stores. The group operates throughout Ukraine and beyond, exporting its own products under the brands Savory, Half&Half, Special One, Pet Fashion, Buddy Boo, Priroda, and Puramur. As of 2026, Suziria is represented in 13 countries worldwide, to which it exports five of its own brands: Savory, Priroda, Special One, ProVet, and Buddy Boo. The CATCH! brand also plans to enter the international market, for which separate packaging has been created, adapted to export requirements.
Source: https://www.youtube.com/live/3DZvwWg6168
