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Research

Report

Kiev Retail Market Overview, Q4 2015


• In 2015 the total amount of quality retail stock increased by 37,700 sq m which is almost 2x times less than in 2014 and it is a record low supply since 2007. Announced completion level for 2016 is 181,000 sq m.
• During 2015 the demand remained low, but by the end of the year the number of new market entries increased.
• In Q4 2015 the vacancy rate in Kiev amounted to 7.2% that is by 30 bps less than in Q3 2015 and by 80 bps less than at the end of 2014.
• In Q4 2015 prime base rent amounted USD720sq m per annum (excluding VAT and OPEX). From the very beginning of the year the prime base rent decreased by 25%.​

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