The warehouse real estate sector in Kyiv is showing stable growth and recovery after the crisis years. In the first half of 2025, gross absorption reached approximately 109,000 square meters, which is 27% higher than the same period last year. This is one of the highest results in the past seven years. The greatest demand is observed from logistics companies, accounting for 56% of transactions, as well as wholesale and retail enterprises — 39%.
This is reported by Finway
New Warehouse Spaces and Key Properties
In six months, approximately 107,000 square meters of new warehouse space were put into operation in Kyiv. This equals the annual volume of new supply for the entire year of 2024 and is a record figure for the last decade. As a result, the total warehouse area in the capital has increased by 6% and reached 1.47 million square meters, returning to pre-war levels. Among the largest new properties are the “Oleksandrivskyi” III logistics complex with an area of 41,000 square meters and the “Chaiky” V complex with 57,000 square meters. Additionally, 11,000 square meters of the RLC warehouse complex, which was damaged during shelling in 2022, have been restored.
Rental Rates and Market Development Prospects
Despite the significant expansion of new warehouses, the vacancy rate has decreased to 3%, which is 0.8% lower than at the beginning of the year. This indicates active demand and absorption of deferred business needs. The rental rate for quality dry warehouses remains stable at $5.3 per square meter per month (excluding VAT and operating expenses). For refrigerated warehouses, rates range from $8.5 to $10.5, with the effective average rate being $9.1 per square meter per month.
As a result, the total volume of warehouse space in Kyiv has increased by 6% and reached 1.47 million square meters, returning to pre-war levels.
Experts note that there is currently no risk of market oversaturation, and the sector continues to develop dynamically. By the end of 2025, an additional 98,000 square meters of new warehouses are expected to be introduced, which could make this year a record one for new supply volume.