Dear readers! We present to your attention the final issue of the LOGISTICS journal in 2024. We have tried to make it rich and interesting. Today, many Russian companies operate under strict sanctions restrictions, which force them to reorient logistics flows. One of the possible solutions to this problem may be the Russia – Mongolia – China economic corridor. Details can be found in the article by Alexandra Kazunina.
Dear readers! We present to your attention the 11th issue of the LOGISTICS magazine, where you will find relevant materials and articles. And again, the focus is on international cooperation. An important event in this area was the International Trade Day 2024 Forum, held on November 7, 2024 in Moscow.
Dear readers! The tenth issue of LOGISTICS journal opens with a large article dedicated to the results of the BRICS Business Forum, held on October 18, 2024 in Moscow. Yulia Kislova, Director of Agency Market Guide LLC and publisher of LOGISTICS journal, attended the event and prepared an article where she paid special attention to international trade and logistical connectivity of the countries of the association. The details are in the room.
- Vacancy rate decreased to 9.6% of total stock in Moscow Region Industrial Big Box Market in Q1 2018 -
Moscow, 27 April 2018, - CBRE, global real estate advisor, summarizes Q1 2018 results of the Moscow Region Industrial Big Box Market. Total vacant space in Q1 amounted to 1.05 mn sq m, representing a 20% decrease from the end of 2017. Vacancy rate fell to 9.6% of total stock.
A significant increase in net absorption is observed in Q1 2018, driven by occupying premises previously leased on forward agreements and currently available warehouses.
Vacant space changes and structure, %, ‘000 sq m
Source: CBRE, Q1 2018
402,000 sq m was taken-up in Q1 2018, representing a 2.2 times growth YoY.
Demand is mainly driven by companies expanding their warehouse spaces rather than optimizing the logistics.
Largest lease deals in I&L segment in Q1 2018
Tenant |
Area, sq m |
Sector |
Property |
Landlord |
Vkusvill |
51,000 |
Retail |
PNK Severnoye Sheremetievo |
PNK Group |
Rockwool |
26,000 |
Manufacture |
Noginsk Logistic Park |
Raven Russia |
Auchan |
21,000 |
Retail |
South Gate Industrial Park |
Radius Group |
Source: CBRE, Q1 2018
According to CBRE report, total take-up will reach 1.1-1.3 mn sq m in 2018.
Based on the leasing activity and absorption dynamics, vacant space is expected to decrease to 9.2 of total stock by the end of 2018.
Key Moscow I&L market indicators
2016 |
2017 |
2018 F |
|
Total supply (end of the year), class A, mn sq m |
10.3 |
11.0 |
11.7 |
New delivery, mn sq m |
0.87 |
0.62 |
0.69 |
Take-up, mn sq m |
1.01 |
1.09 |
1.1-1.3 |
Weighted average rental rate*, RUB/sq m /year |
3,300 |
3,400 |
3,500 |
Vacancy* , % |
12.8 |
11.9 |
9.2 |
Source: CBRE, Q1 2018
Anton Alyabyev, Director of Warehouse & Industrial Department, CBRE in Russia said:
"We observed a number of positive changes on the market in the beginning of 2018. Both local and international companies were active on the warehouse market, several large transactions were closed in Q1. There are qualitative changes in demand for warehouse – we observe growing interest to projects customized for specific logistics cases and location. That’s why general contract and BTS solutions are in demand.”
Anastasia Chernoyarova, Analyst of Research Department, CBRE in Russia said:
"We observe the lowest vacancy level on the market since 2015. Decrease in vacant space is attributable to strong take-up dynamics. The market is becoming more balanced and we observe prerequisites for growth in commercial conditions.”