In Ukraine, there has been an increase in prices for commercial real estate, which became noticeable in March 2025. The main trend is the rise in prices and a decrease in supply, as indicated by a study from OLX Real Estate. While in most cities the demand for purchasing retail spaces has decreased, Kyiv has been an exception, growing by 31% compared to last year.
This is reported by Finway
Prices for Commercial Properties in Major Cities
Kyiv ranks first in terms of the median purchase price for commercial properties, which stands at ₴8.3 million, a 14% increase from March 2024. Other major cities have also recorded price increases in 2025: in Dnipro, the price rose by 29% to ₴4.1 million, in Lviv by 12% to ₴3.1 million, and in Odesa by 9% to ₴3.5 million. However, in Kharkiv, which is located in a frontline area, prices decreased by 4%, from ₴2.1 million to ₴2 million.
Changes in Demand for Commercial Properties
Thus, Kyiv remains the only major city where the demand for purchasing commercial properties has significantly increased. In other cities, there is a notable decrease in both supply and demand. For example, in Dnipro, the number of listings has decreased by 33%, and inquiries by 43%. In Lviv, the declines are 37% and 26% respectively, while in Odesa, they are 22% and 4% compared to 2024.