The vacancy rate in the capital’s shopping centers amounted to 13.1% in 2024, down from 16.3% in 2023, with rents approaching pre-war levels, the press service of the Ukrainian Trade Guild (UTG) reports.
The highest vacancy rate in 2024 was characteristic of the regional (15.1%) and district (15.2%) formats and was concentrated mainly in four facilities: Blockbuster Mall, Marmalade, Promenada Center and Art Mall.
According to UTG experts, typical rental rates in Ukrainian shopping centers are gradually approaching pre-war levels. In December 2024, the average rental rates for shopping gallery stores with an area of 50-200 sq m amounted to $22.1/sq m. In December 2021, they were $22.8 per square meter, in 2022 they fell to $18.7, and slightly increased to $19.1 in 2023.
In December 2024, fixed monthly rental rates per square meter, excluding interest on retail turnover, VAT and operating expenses in the capital’s shopping centers amounted to: for kiosks with an area of 1-10 sq. m – from $70 to $250; for restaurants and cafes – $1-15; for children’s entertainment centers – $1-6; for cinemas – $1-4; for clothing department stores with an area of 600-1500 sq m – $1 to $18; for fashion galleries with an area of 100-200 sq m – $1-$32; for electronics supermarkets – $1 to $8; and for grocery supermarkets – $1 to $15.
UTG was founded in 2001. It has developed more than 1.3 thousand real estate concepts. Over the years, the company has leased 4.7 million square meters of commercial space in Ukraine.
