Rental activity in Ukraine’s warehouse real estate market in January-June increased by 13% compared to the same period last year and amounted to about 70,000 square meters, according to CBRE.
Despite the war, the warehouse market is currently the most stable commercial real estate segment. About 170,000 square meters of new facilities are expected to enter the market in the second half of 2024 and 2025. In addition, in the next two years it is planned to restore 100,000 square meters of warehouse space destroyed by Russian missile attacks.
The prime rate for renting warehouses in Kyiv through the first half of 2024 was $4.9 per square meter per month (without VAT), which is, on average, 20% lower than in other Central and Eastern European capitals.
At the same time, the cost of building warehouse space in our country is 20% higher than that of our neighbors: $500-600 per square meter. Despite that, there is an increase in investment activity in the Ukrainian market.