In Ukraine, there is a trend of rising prices for commercial real estate, as confirmed by a study from OLX Real Estate. As of March 2025, there is an increase in prices and a decrease in supply. According to analysts, demand is decreasing in most cities, except for the capital, where it has actually increased.
This is reported by Business • Media
Price Increases and Changes in Demand for Commercial Real Estate in Major Cities
Kyiv remains the leader in median purchase prices for commercial properties, which stands at 8.3 million hryvnias — a 14% increase compared to March 2024. Other major cities are also experiencing price increases: in Dnipro, the price jumped by 29% to 4.1 million hryvnias, in Lviv by 12% to 3.1 million hryvnias, and in Odesa by 9% to 3.5 million hryvnias. In contrast, in Kharkiv, which has been affected by military actions, the price decreased by 4% — from 2.1 million to 2 million hryvnias.
Difference in Demand and Supply of Commercial Real Estate
Kyiv is the only major city where the demand for purchasing commercial space has significantly increased — by 31% as of March. In other cities, there is a decrease in both demand and supply. For instance, in Dnipro, listings for the sale of commercial real estate have dropped by 33%, while inquiries about purchases have decreased by 43%. In Lviv, these figures are -37% and -26%, respectively. In Odesa, there has been a 22% decrease in supply, while demand has remained at last year’s level (+4%).