The vacancy rate of shopping centers in Kyiv decreased to 12.9% at the end of January-June 2025 compared to 13.1% at the end of 2024, the UTG company press service reported. According to the study, vacancy is still lower than in 2020 (13.4%), when large SECs (Blockbuster Mall, River Mall, Retroville and Respublika Park) were opened, but higher than in pre-war 2021 with 10.3%. The freest spaces were at the beginning of the war in 2022 – 16.9% “de jure” and 21.4% “de facto”, taking into account the retailers that suspended their presence at that time (Inditex group, H&M, etc.)

“The general trends are the optimization of income and the number of stores – focusing exclusively on profitable facilities, closing unprofitable ones. The exception is chains with an aggressive development strategy (Sinsey). But in general, we can talk about the tenant market, preference for development will be given to locations in ready-made premises”, – noted the director of UTG company Evgenia Loktionova.

According to Derzhstat data, in January-September 2025, the volume of retail trade grew by 6% compared to the same period in 2024, reaching UAH 1.892 trillion in nominal terms. And this is one of the arguments for the growth of average rental rates. As of the third quarter of 2025, the average rental rates for a shopping gallery with an area of ​​50-200 sq. m are $22.3 ($22.1 in 2024).

The UTG company was established in 2001. Developed more than 1.3 thousand concepts of real estate objects. During the years of work with the participation of the company, 4.7 million sq. m were leased of commercial space in Ukraine.

Source: Interfax