Despite the ongoing war, the demand for commercial real estate in Kyiv and the western regions of Ukraine shows a steady increase. Market experts note that investments in the construction of commercial properties are particularly active in the western regions of the country, which are considered relatively safe. The capital also maintains a high level of interest among investors, although the growth dynamics have somewhat slowed compared to the pre-war period. However, the market is gradually regaining its positions.
This is reported by Business • Media
Recovery of Rental and Market Prices
According to Yaroslav Burikh, a member of the Ukrainian Real Estate Professionals Association, the rental of retail spaces has already reached pre-war levels. The rental price of commercial real estate largely depends on demand and the location of the property, currently ranging from $10 to $50 per square meter. This indicates a gradual return of businesses to active operations, despite the challenging wartime conditions.
Statistics on Commissioned Non-Residential Buildings
According to official statistics, in the first quarter of 2025, 617,916 square meters of non-residential buildings were commissioned in Ukraine. The majority consists of industrial and warehouse facilities, totaling 271,302 square meters. This is followed by other types of non-residential structures at 180,460 square meters, as well as buildings intended for wholesale and retail trade, which covered an area of 111,008 square meters. Office spaces account for 26,467 square meters, while hotel and similar facilities total 8,549 square meters.
“The rental of retail spaces has already recovered to pre-war levels. The rental price depends on demand and location, thus varying from $10 to $50 per square meter.”
The recovery of the commercial real estate market in Ukraine, especially in Kyiv and the western regions, is an important signal for businesses and potential investors regarding the stabilization of the economy even under the challenging conditions of war.