Аналитика

Kyiv, Q2 2018

/sites/default/files/2018-08/UKRAINE%20Q2%202018%20Industrial%20Marketbeat%20Snapshot_0.pdf

 

Snapshot: Warehousing and logistics property market overview, the Greater Kyiv area, Q2 2018

Q2 2018 remained largely stable for Ukraine’s economy and the currency exchange rate continued to demonstrate reduced volatility. Oxford Economics projects that real GDP will increase from 2.5% in 2017 to 3.2% in 2018, due to increased consumer spending and recovering investment dynamics. Economic growth however remains reliant on the country’s ability to secure the next tranches of the IMF support, whilst implementing the IMF’s conditions could undermine the government’s support ahead of presidential and parliamentary elections in 2019.

In Q2 2018, new supply in the warehousing and logistics property sector in the Greater Kyiv area consisted of three properties of cumulative area of around 11,660 sq m. There were no new properties delivered in the sector during Q1 2018, whilst the annual figure for 2017 amounted to only around 36,500 sq m and was largely comprised of built-to-suit projects.

Low development activity combined with strengthening of occupier demand led to a decrease in vacancy and upward pressure on effective occupational costs in the most soughtafter properties during Q2 2018. As such, at the end of June 2018 primary vacancy in the sector fell to 3.2%, whilst monthly asking rents for prime warehousing space increased to USD 3.3-5.0 per sq m, net of VAT and service charge.

 

 

Q1 2018

Q2 2018

New supply

0

11,660 sq. m

Take up

45,000 sq. m

76,200 sq. m

Net absorption

7,000 sq. m

18,500 sq. m

Vacancy rate

3.7%

3.2%

Prime rents (USD/ sq. m/ month)

$3.2 – 4.5

$3.3 – 5.0

 

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