More than 20% of the capital’s shopping center capacity is empty.
The weighted average vacancy rate in Kyiv’s shopping centers continues to grow. In March 2023 it reached 21.5%, almost double the figure of 11.5% in the same period last year. According to UTG, the continuing growth of vacant space significantly affected regional shopping malls (30.9% vacancy) and district facilities (19.2%). In response, shopping malls are actively trying to attract non-standard tenants, from administrative service centers to museums. At the same time, such non-standard tenants can only temporarily solve the problem