Renting commercial warehouses in Ukraine is becoming more costly due to a lack of space. The shortage in the logistics market is because, during the war, the construction of new complexes has stopped, while about 30 objects have been damaged by shelling. These losses are significant because construction costs have increased by 30-35%.
For 2023, rental prices have increased by 10%, say Colliers Ukraine analysts. Class A rental rates are declared in the range of $4.5-$5.3 per square meter per month, and in class B they are $2.9-$3.5. According to CBRE Ukraine, rates increased by 15% to $4.9. The vacancy rate in the warehouse market decreased from 4.5% at the beginning of 2023 to 2.5% at the end of the year.
Experts predict that despite the appearance of new warehouse buildings on the market, rental rates will continue to rise in the coming years, and annual growth of 5-10% is expected.