Kyiv Office Market Strengthens Leasing Activity Despite Continued Market
Disruption
According to the latest research of EXPANDIA, Country Service Partner for CBRE in Ukraine and Moldova and the largest commercial real estate company in Ukraine, leasing activity in Kyiv’s office market strengthened during H1 2026 despite continued market disruption.
Highlights:
- Bi-annual take-up reached 104,000 sqm (+33% y-o-y), driven by both forced relocations and organic leasing activity
- Three small office projects of ca. 15,000 sqm entered the market during H1 2026
- Around 50,000 sqm of office space was partially damaged or destroyed due to missile attacks, representing 2% of competitive stock
- Vacancy declined to 16% (-2.5pp YTD), nearing the 14.5% level recorded at the end of 2021
- Effective prime rents for shell & core remained stable at $14-$18/sqm/month (triple net), with ready fit-outs ranging between $19-$25/sqm/month.
The full version of EXPANDIA’s overview of the Kyiv Office Market in H1 2026 is available via the link.
