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The vacancy rate in the capital’s SECs decreased to 13.1% in 2024 – UTG

The vacancy rate of the capital’s shopping centers was 13.1% in 2024 compared to 16.3% in 2023, rental rates are approaching pre-war levels, the press service  of the Ukrainian Trade Guild (UTG) reported.

The highest vacancy rate in 2024 was typical for 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 the analysis of UTG experts, typical rental rates in shopping centers in Ukraine are gradually approaching pre-war figures. The average rental rates for shopping gallery shops with an area of 50-200 sq. m in December 2024 amounted to $22.1/sq. m. In December 2021, they were $22.8/sq. m, in 2022 they fell to $18.7, and slightly rose to $19.1 in 2023.

In December 2024, fixed monthly rental rates per sq. m, excluding interest from retail turnover, VAT and operating payments in shopping centers of the capital, 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 from $1 to $18; for a fashion gallery with an area of 100-200 sq. m from $1-$32; for electronics supermarkets from $1 to $8; and for grocery supermarkets from $1 to $15.

UTG was established in 2001. It has developed more than 1.3 thousand. concepts of real estate objects. Over the years of work with the participation of the company, 4.7 million square meters of commercial space have been leased in Ukraine.