Over 70,000 square meters of retail space in trade and entertainment centers in Kyiv and regional centers were leased in 2019 with the participation of UTG consulting company (Kyiv) as a broker, the press service of the company has said. “During the company’s activity and as of the end of 2019 about 4.7 million square meters of space have been leased in various shopping centers in Kyiv and regional centers of Ukraine, of which more than 70,000 square meters this year,” the company said.
As reported, in 2018 space commissioned with the participation of UTG amounted to 72,000 square meters, and in 2017 some 54,000 square meters.
In particular, in 2019 with the assistance of UTG, agreements were signed with Leroy Merlin Ukraine and Multiplex cinema in the Odesa shopping center Riviera.
In addition, the new Kyiv shopping centers Smart Plaza Obolon, Cherry Mall, and others were launched with a 100% occupancy rate.
UTG (Kyiv) was established in 2001. It specializes in consulting commercial and residential real estate, brokerage of retail premises and comprehensive support of development projects.
Average vacancy of business centers in Khmelnytsky was 6.7% by August 2019 and by late 2020 it is planned to expand total supply of office space by 24,100 square meters thanks to the launch of eight new business centers, UTG consulting company (Kyiv) has reported.
“In 2018, supply in Khmelnytsky was expanded with two business centers with a lettable area of 8,400 square meters: Luxury class B business center (GLA is 3,700 0 square meters) and Parus class A business center (GLA is 4,700 square meters) However, the main increase in office space in the city was seen in 2016, when 26.4% of the total market supply was built or reconstructed and put into operation, or in absolute terms – lettable area of 12,400 square meters,” UTG Senior Analyst Oksana Gavrilevich told Interfax-Ukraine.
According to her, as of August 2019 in Khmelnytsky there were 19 office buildings with a total lettable area of 51,100 square meters, which corresponds to an indicator of 187.8 square meters per 1,000 inhabitants.
In the structure of supply, business centers of class A occupy 9.2% of the total supply (4,700 square meters), class B – 52.4% (26,800 square meters) and class C – 38.4% (19,600 square meters).
The average vacancy rate in the city’s business centers in August 2019 in terms of classes was: 19% for class A, 7.3% for class B and 2.9% for class C.
The requested rental rates (excluding VAT and OPEX) in office premises in August were: for class A – UAH 300 per square meter ($12), class B – UAH 142 per square meter ($ 5.7), class C – UAH 94.7 per square meter ($3.8).
“For the coming years, office premises are announced for commissioning only in class B. Given the timely commissioning of new projects, by the end of 2021, the total leased area of the city’s business centers will be 65,300 square meters, or 239.8 square meters per 1,000 inhabitants,” Gavrilevich said.