Top shopping center rents in Kyiv grew by 12% in the second quarter and now exceed $95 per square meter a month — comparable to rents in the pre-crisis period of 2010-2013

Tuesday, July 24, 2018
Top shopping center rents in Kyiv grew by 12% in the second quarter and now exceed $95 per square meter a month — comparable to rents in the pre-crisis period of 2010-2013

Top shopping center rents in Kyiv grew by 12% in the second quarter and now exceed $95 per square meter a month — comparable to rents in the pre-crisis period of 2010-2013, Jones Lang LaSalle Ukraine reports. Vacancies declined to 4.2% and are expected to hit 3.5% at the end of the year. With four international brands entering the market – Turkey’s Koton and DeFacto, Spain’s Zara Home, and Sweden’s Livly — only one new shopping center opened during the quarter, the 15,000 square meters Smart Plaza Polytech. JLL’s Retail Space Department Manager Yekateryna Vesna said of the higher rents: The significant increase is due to a limited supply. New brands are trying to open their stores in the most successful facilities, however, it is not easy to find necessary space in such shopping centers.”

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
A SkyUp plane scheduled to fly from Kyiv’s Sikorsky Airport to Antalya, Turkey only made it as far as Boryspil

A SkyUp plane scheduled to fly from Kyiv’s Sikorsky Airport to Antalya, Turkey only made it as far as Boryspil

Next post
A 30-member Chinese delegation representing eight companies and two banks is conducting meetings in Kyiv and Odesa this week, studying investments in an air cargo hub at Boryspil, high speed trains and improved Black Sea port services

A 30-member Chinese delegation representing eight companies and two banks is conducting meetings in Kyiv and Odesa this week, studying investments in an air cargo hub at Boryspil, high speed trains and improved Black Sea port services

Previous Main Topics