
Dear readers! In September the CeMAT RUSSIA exhibition was held, which showed everyone that innovations and robotics are increasingly penetrating the logistics industry. We can safely say that many technologies are tested here, and only then they go out into the world. However, it is not only CeMAT RUSSIA that demonstrates the prevalence of the digital agenda.
Dear readers! This is the ninth issue of the journal, which turned out to be very rich and diverse. Traditionally, the issue is opened by an analyst. The material by Alina Nasyrova from the Market Guide Agency, dedicated to investments in warehouse complexes in Russia, recalls the importance of developing logistics infrastructure for the integrated development of regions.
Dear readers! We present to your attention the eighth issue of the magazine and its materials.
- 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.”