Rising prices for rental of warehouse space caused by a number of reasons related to the current economic situation.
The warehouse real estate market of Kiev has suffered greatly from the crisis in the economy, devaluation of the national currency and rising consumer prices. The activity of developers in this segment remains low and the construction of new storage facilities is carried out except that the major players in the market.
Investors are interested to invest in construction of new facilities because of the fairly low cost of storage and low demand for space in this category.
Lease rate for warehouse premises in Kiev significantly decreased after the jump in 2015 (98,1 UAH per sq. m.) and is now 63.4 per UAH per sq. m.
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