Ukrainian developers plan to commission a record number of warehouses – about 500,000 square meters in 2025. The warehouse real estate market has suffered considerable losses during the almost three years of war. In the first months of the war alone, the Russian occupiers destroyed 20% of the existing facilities.
In the fourth year of the war, the market expects a significant replenishment with new facilities, but they will no longer appear in the eastern and southern regions. Most warehouse area – about 300,000 square meters – will be commissioned in the western regions, particularly in the Lviv and Khmelnytsky regions. The remaining 200,000 square meters will be built in the Kyiv region. According to more modest expectations, 270,000 square meters of new warehouse storage area will be commissioned this year, but this would still be the largest volume of new supply in the last decade.
Currently, the Ukrainian market has about 3-3.5 million square meters of warehouse space supplying a population of 35 million people, which is 90% less than in neighboring Poland.