KYIV, Feb 1 - The share of vacant space in the market of shopping centers in Kyiv in the fourth quarter of 2018 for the first time in the last two years has stabilized at 3.7%, the press service of Jones Lang LaSalle (JLL) consulting company in Ukraine has said.
"The cessation of decline in the vacancy rate is due to the achievement of a temporary equilibrium in the market of shopping centers in Kyiv. After a significant increase in the first half of the year (by 20%) to almost the pre-crisis level of $1,140 per sq m a year, rental rates have also stabilized," Yekateryna Vesna, the head of the retail space department at JLL (Ukraine), said.
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