Dear readers! We present to your attention the seventh issue of Logistics for 2024. In the latest issue, we continue the topic of digitalization of logistics. Thus, P.A. Zabolotneva in her article examines the main trends in the digitalization of logistics activities and presents supply chain management tools. In addition, the author identifies five digital technologies that will become drivers of the industry's development. D.V.
Dear readers! We present to your attention the sixth issue of Logistics for 2024. On its pages, we summarize the results of the international exhibition of logistics, transport, warehouse equipment and Logistika Expo, which became the main premiere of this year. Our editorial staff took part in the event, as a result of which they made useful acquaintances and found new readers. In the latest issue, we continue the topic of automation and robotization in the industry.
Dear friends! We present to your attention the fifth issue of Logistics for 2024. Like you, our dear readers, we see an increasing trend of digitalization and automation of the logistics industry, and more and more authors are paying attention to it.
London - Moscow, 4 September 2015 – Increasing demand for prime office space across a number of cities in EMEA is causing rents to accelerate, according to global real estate advisor CBRE.
Dublin’s prime office rents are now only just below their pre-crisis levels of 2009 at €538 per sq m per annum. This is set to increase further until supply responds to occupier demand. Similarly, the Berlin office market has reached a 12-year high of €276 per sq m pa as a strong local economy strengthens demand. The London City office market has seen a 3.1% uplift in the last quarter and is nearly 15% higher year-on-year at £67 per sq ft pa.
Illustrative of the strength of demand across the region, the EMEA Prime Office Rent Index (a CBRE benchmark which tracks 41 cities) grew 2.1% year on year as evidenced below.
As well as strengthening economic indicators, demand for prime office space is being driven by several factors including corporate desire to:
In addition, the supply of new office space across EMEA has been subdued for some time due to low levels of development borne from the global financial crisis. Supply levels tightened further in the second quarter and this too continues to inflate rents and keep them on the upward trajectory.
Looking ahead, the office development response is set to pick-up, albeit slowly and only in certain locations. In CEE, markets such as Bucharest, Warsaw and Moscow have the strongest forecast development completions levels in EMEA. Development activity is also starting to pick up in parts of Western Europe with London, Paris, Munich and Dublin forecasting some of the highest two year projections across the region.
Richard Holberton, EMEA Head of Occupier Research, at CBRE explains:
“Office prime rents continue on an upward trajectory due to the current competitive landscape. Companies are vying for the best space which is in short supply in many cities. This is consistent with a broadly positive economic environment and reflected in sharply increased take-up levels. Office development activity is showing some signs of picking up which will help bridge the supply to demand gap, but not immediately. So prime rents will remain on an upward path.”
Elena Denisova, Director of Office Agency, CBRE in Russia, said:
“Asking rental rates for Prime Class A space continue to be under pressure of limited demand. In Q2 Prime rents decreased by 7-10% compared to Q1 2015 and by 21-25% compared to Q1 2014. Currently, asking rents for Prime A office space are $820-950 per sq m per year net of OpEx and VAT. Rents nominated in US dollars are still asked for the Prime Class A space while the rents for the rest part of Moscow office market are nominated in rubles or by fixing the rental rate band at the level of 50-65 rubles depending on the building. The deals closed at rents nominated in US dollars are the rare case in the current market situation. In Q2 2015 the volume of transactions done in the Prime CBD totaled 21,300 sq m of which volume of new leases was only 2,300 sq m (or 10%). Such a low level of take-up is explained by limited demand of international companies, the major “consumers” of Prime A space.”