The return of foreign brands to Ukraine has provoked an increase in rental rates for retail space by 8-10%.
According to CBRE Ukraine, in 2023 four new retailers entered the Kyiv market – the Italian premium clothing brand EA7, American household electronics brand KitchenAid, Polish clothing brand HalfPrice, and American premium clothing brand DKNY. In addition, Swedish fashion retailer H&M resumed its Ukrainian operations last year. The share of Ukrainian brands among tenants in shopping centers grew due to consumer loyalty and the temporary closure of international fashion retailers. The average vacancy rate in the Kyiv market was 15%