2020 | H1 | Russia | Industrial

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The total stock in Russia accounted for 9,086 thousand sq m. 354 thousand sq m of new warehouse spaces was delivered to the market, which is app. 2-times higher than in the H1 of the previous year. Most of new construction was commissioned in Voronezh (72 thousand sq m), Novosibirsk (68 thousand sq m) and Kazan (55 thousand sq m). Take-up was record high - 564 thousand sq m, which is 4.5-times higher than in the H1 2019. The most active players were retailers and online-retailers (totally 73% of take-up).Vacancy increased by 1.2 b.p. and totaled 3.4%. Rental rates rose by 50 RUB/sq m/year to the level 3,750 RUB. Until the end of the year we expect 240 thousand sq m of new speculative and 190 thousand of built-to-suit warehouse spaces to be delivered.


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2020 | H1 | Russia | Industrial

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