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.”

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