In the second half of 2025, a significant decrease in the level of vacant space in shopping centers in Kyiv and the western regions of Ukraine is observed. In the best shopping malls of the capital and the western part of the country, the average vacancy rate does not exceed 7-13%, and in some cases, this level is even lower.
This is reported by Business • Media
Vacancy Dynamics in Leading Shopping Malls
Less modern or large regional shopping centers with an area of over 50,000 square meters demonstrate a higher average vacancy rate – around 16%. Such facilities include Blockbuster, Promenada center, “Atmosfera”, and “Marmelad”. Experts attribute this to insufficient adaptation to modern consumer needs.
The situation is particularly noticeable in the Blockbuster shopping mall, where the vacancy rate is about 30%. However, this is already a significant improvement compared to 2024, when vacant spaces reached 50%. At the same time, Lavina Mall has achieved pre-war levels two years ago, and currently, there are no available locations there. In River Mall, this figure is only 1-2%, indicating consistently high demand. In Respublika Park, the vacancy rate remains at 9-10%, including spaces that have already been reserved for the future opening of IKEA.
Leasing Opportunities for Tenants in the Regions
Significant attention is drawn to the main shopping center in Chernihiv – “TSUM Chernihiv”, which has a total area of 18,000 square meters. The center’s administration actively offers new tenants spaces of various sizes – from 80 to 420 square meters, creating additional opportunities for business development in the region.
“In less innovative or ‘regional’ shopping centers (over 50,000 square meters), the average vacancy rate is significantly higher – 16%. This refers to shopping malls such as Blockbuster, Promenada center, ‘Atmosfera’, and ‘Marmelad’. This is associated with insufficient adaptation of the facilities to new consumer demands.”
Thus, the market for retail space in Kyiv and the western part of the country demonstrates a trend towards a reduction in vacant premises, indicating an increase in activity in the commercial real estate rental market.