Announced volume of new commercial real estate supply in Kyiv exceeds 243,000 sq m – UTG
The announced volume of prospective commercial real estate supply in Kyiv for 2026-2027 exceeds 243,000 square meters, UTG reported.
"Even the war did not stop development. Facilities planned for actual launch did enter the market and increased the volume of commercial real estate supply. In Kyiv alone, more than 50 facilities are at various stages of construction activity, many of which are at high stages of readiness," Kostiantyn Oliynyk, head of UTG's strategic consulting department, said at a press conference at the Interfax-Ukraine agency in Kyiv on Wednesday.
According to UTG, for 2026 alone, the following openings have been announced in the capital: Ocean Mall shopping center (retail space of 110,000 square meters), commercial premises in White Lines (28,000 square meters), Olympik Park (23,000 square meters), Signature (8,000 square meters), Dibrova Park (7,300 square meters), among others. The total area of prospective shopping centers in Kyiv exceeds 1.2 million square meters.
According to Oliynyk, the commissioning of the declared facilities will increase the surplus of retail space in the capital and cause further redistribution of consumer flows, growth in vacancy rates and downward correction of rental rates.
"For cities with the most active development and ambitious plans for building new retail space, there is a high threat of growing vacancy rates, which in turn may lead to negative operational indicators: a decrease in revenue per square meter and, accordingly, a decrease in rental rates. This will lead to the need for forced reconceptualization and modernization of inefficient facilities," the expert explained.
UTG notes that in the central and western regions of Ukraine, the provision of retail space per 1,000 people is on average higher than in other regions. Among the leaders in this indicator are Uzhhorod with 956 square meters per 1,000 population, Lviv with 952 square meters, Ivano-Frankivsk with 936 square meters, and Kyiv with 902 square meters.
Some central regions are also approaching these indicators, for example, in Vinnytsia the indicator is 759 square meters. At the same time, in the eastern and southern regions, where development has slowed in recent years, the provision of retail space is lower: in Dnipro – 577 square meters per 1,000 people, Odesa – 631 square meters, Kharkiv – 469 square meters.
"In most regions, there is a decline in market forms of trade. In the near future, comprehensive revitalization of such territories is expected with the creation of modern shopping centers or residential neighborhoods," the UTG study notes.
