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Research

Report

Kiev Retail Market Overview, Q1 2016


• ​In Q1 2016, no new quality retail space entered the market. Announced completions for 2016 total 166,000 sq m.
• In the beginning of 2016, the retail turnover in Kiev showed growth for the first time since April 2014. Ukrainian retail chains increase their presence in quality shopping centers.
• In Q1 2016, the vacancy rate in Kiev reached 6.2%, 1.0 pp less than in Q4 2015 and 3.0 pp less than in Q1 2015.
• In Q1 2016, prime base rent was unchanged at USD720sq m per annum (excluding VAT and OPEX).

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