Cold storage facilities remain one of the scarcest and most strategically important segments of Kyiv’s warehouse real estate market.

Cold storage facilities in Ukraine have suffered significantly during the war, and today there is particularly high demand for temperature-controlled premises, reports CBRE. The shortage of cold storage facilities was acutely felt even before the war, when their share constituted about 15% of total warehouse space in the Kyiv region.

However, with the onset of the full-scale invasion, the situation changed dramatically: Approximately 21% of the existing premises were destroyed, with cold storage facilities making up 17% of that total. As of the beginning of 2025, the share had decreased to 13%.

The active launch of new warehouse projects in 2023-2025 has not been sufficient to satisfy the demand for temperature-controlled facilities. Nonetheless, developers are responding with the launch of new projects, and initiatives for the reconstruction of destroyed warehouses are emerging on the market.

Rental rates for cold storage facilities in Kyiv significantly exceed the market average; the effective rental rate increased by 15%, reaching $9.2 per square meter per month (excluding VAT and OPEX). Prices continue to climb, not only due to limited supply but also due to the high costs of construction and operation of such facilities.