Kyiv is the only major city where demand for commercial real estate has increased by 31%

According to new data from the OLX Real Estate study, there is a significant rise in demand for commercial real estate in Kyiv, particularly retail spaces. It is the only major city where, as of March 2025, demand has increased by 31%, while in other megacities of Ukraine, a decline is observed.

This is reported by AgroReview

Trends in the Ukrainian Retail Real Estate Market

The study indicates that prices for retail real estate in the country continue to rise. Kyiv shows its advantage, as the median price for purchasing retail space is ₴8.3 million, which is 14% higher compared to March 2024. Meanwhile, in million-plus cities such as Dnipro, Lviv, and Odesa, prices are also increasing: in Dnipro, the price has risen 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 frontline Kharkiv, the price for retail spaces has decreased by 4%, from ₴2.1 million to ₴2 million, indicating market instability in the region.

Characteristics of Demand and Supply in the Real Estate Market

According to the study, Kyiv experiences the highest growth in demand for purchasing retail spaces, while in other cities, both supply and demand are decreasing. In Dnipro, listings for sale have decreased by 33%, and responses have dropped by 43%. In Lviv, the number of listings has decreased by 37%, while responses have fallen by 26%. The situation in Odesa is somewhat different – listings have decreased by 22%, but the number of responses has increased by 4%, matching last year’s level.