Definition:
Commercial real estate can be defined as properties that are used for business purposes, such as office buildings, retail spaces, warehouses, and industrial properties.Additional information:
The commercial real estate market contains the value of commercial properties as a key performance indicator. This is the worth of all office buildings, retail spaces warehouses, and industrial properties for the timeline of our data coverage.Most recent update: Jul 2024
Source: Statista Market Insights
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Jul 2024
Source: Statista Market Insights
The Commercial Real Estate market in Ukraine is experiencing significant growth and development. Customer preferences are shifting towards modern and well-equipped office spaces, as well as retail and industrial properties. This trend is driven by the increasing demand for high-quality commercial spaces that can accommodate the needs of both local and international businesses. Additionally, the market is being influenced by several local special circumstances and underlying macroeconomic factors. Customer preferences in the Commercial Real Estate market in Ukraine are focused on modern and well-equipped office spaces. Businesses are increasingly looking for office spaces that offer amenities such as advanced technology infrastructure, flexible layouts, and comfortable working environments. This is driven by the need for businesses to attract and retain top talent, as well as the growing importance of technology in the workplace. In addition to office spaces, there is also a strong demand for retail and industrial properties, as businesses seek to expand their operations and cater to the needs of the growing consumer market. Trends in the market include the development of mixed-use projects that combine residential, commercial, and recreational spaces. This trend is driven by the desire to create vibrant and sustainable communities that offer a range of amenities and services. Mixed-use projects also provide opportunities for businesses to establish a presence in prime locations, attracting both local and international customers. Another trend is the increasing use of coworking spaces, which offer flexible and cost-effective solutions for businesses of all sizes. Coworking spaces provide a collaborative and dynamic working environment, appealing to startups, freelancers, and established companies alike. Local special circumstances in Ukraine's Commercial Real Estate market include the ongoing political and economic reforms, as well as the country's strategic location as a gateway between Europe and Asia. These factors have attracted foreign investment and contributed to the growth of the market. Furthermore, the government has implemented measures to improve the ease of doing business, including streamlining regulations and reducing bureaucracy. These efforts have created a favorable business environment and attracted both local and international companies to invest in Ukraine. Underlying macroeconomic factors that are driving the development of the Commercial Real Estate market in Ukraine include the country's steady economic growth, increasing consumer purchasing power, and favorable interest rates. The growing economy has resulted in a higher demand for commercial spaces, as businesses expand their operations and cater to the needs of the growing consumer market. Additionally, low interest rates have made it more affordable for businesses to invest in real estate, stimulating demand in the market. In conclusion, the Commercial Real Estate market in Ukraine is experiencing significant growth and development, driven by customer preferences for modern and well-equipped office spaces, as well as retail and industrial properties. The market is also influenced by local special circumstances, such as ongoing political and economic reforms, as well as underlying macroeconomic factors, including steady economic growth and favorable interest rates. These factors are contributing to the attractiveness of the market and attracting both local and international investors.
Data coverage:
Figures are based on value of commercial real estate.Modeling approach / Market size:
Market sizes are determined by a bottom-up approach. As a basis for evaluating this market, we use national statistical offices. Next, we use relevant key market indicators and data from country-specific associations such as share of industry, manufacturing, and services of the GPD, price level index, GDP. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the market, for example, exponential trend smoothing.Additional Notes:
The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights