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GISMETEO.RU
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Business    

Kyiv shopping mall vacancy rate may grow as spending remains subdued
Journal Staff Report

KYIV, Aug 17 – With the current level of income and expenses of the population, the vacancy rate of the shopping and entertainment centers in Kyiv may reach 17% by the end of 2024, Kostiantyn Oliynyk, head of the strategic consulting department at UTG, told Interfax-Ukraine.

According to a UTG study, the vacancy rate of the capital's shopping and entertainment centers decreased from 16.5% at the end of 2022 to 14.7% in the second half of 2023. Taking into account the temporarily closed stores of international brands, 21.1% of the area is empty (at the end of 2022 it was 21.4%). Before the war, 10.3% of the area was free.




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