The Kyiv professional trade real estate market in 2011 will be increased with new offers of space of over 270 000 m2, which is approximately 25% up on the existing supply, according to a professional trade property market survey by the Aurora Development company.

Aurora Development specialists noted that commissioning of new trade and entertainment centres would remain at a low level for at least one or two years.

"It's unlikely that the supply of high-quality trade real estate will be increased by radically new trade centres in 2011 – the commissioning of most newly built centres was postponed from 2010 to 2011 and these centres will form the market supply," reports the survey.

The company admitted that rent rates would not grow in 2011, and particularly, rent rate growth under current agreements would be within 10-20% per year. The company also said that as of late 2010, the average rent rate for stores in trade galleries of up to 200 square meters was around USD80 per month.

According to the survey, 48 professional trade and entertainment centres with a global building area (GBA) of 1.2 million square meters and global leasing area (GLA) of 750,300 square meters were functioning by late 2010 in Kyiv. The annual GBA and GLA growth in 2010 came to 9% and 11% respectively.

The company added that in 2010 two professional trade and entrainment centres were commissioned in the capital (Sky Mall and a trade center in Balzak Street) and three specialty trade centres (Praktiker, Leroy Merlinand Novus).