The retail real estate market in Ukraine shows strong recovery, with shopping mall footfall rising significantly, especially in safer regions, including Kyiv. Visitor numbers in these areas match or exceed pre-invasion levels. Tenant demand has surged, resulting in minimal vacancy rates. Key retail sectors, such as apparel and electronics, report robust growth, driving rental income upward. However, investors remain cautious about new shopping mall construction.Conversely, the office real estate market remains stagnant. Vacancy rates are high, and rental prices are well below pre-pandemic and pre-invasion levels. Tenants are taking advantage of discounts to secure higher-quality spaces, leaving lower-class properties and those in riskier regions struggling to retain tenants. Many such spaces are now offered for lease at the cost of utilities alone. No new office developments are underway.Warehouse demand is primarily driven by retailers optimizing their logistics. Despite some recovery in certain segments, commercial real estate overall remains unattractive to investors.https://bank.gov.ua/admin_uploads/article/FSR_2024-H2.pdf?v=11 (ICE KIEV)

Fonte notizia: National Bank of Ukraine