CBRE, global real estate advisor, indicated the key trends of the Russian regional Industrial and Logistics market for 2017. New construction shrank to its minimum level over the last few years.
Volume of new construction in the Russian regions, ‘000 m².
The largest construction levels were seen in Yekaterinburg, Perm, Artyom, where 30,000 m² (DC X5 Retail Group), 25,000 m² (PLK Yankovsky) and 24,000 m² (DC X5 Retail Group) were delivered accordingly.
Distribution centers of large federal retailers represent 46% of new supply.
Amid the decline in new delivery, take-up increased by 23% compared to H2 2016. Most transactions in H1 2017 are lease agreements. More than 40% of demand represents 20,000 m² buildings and larger space. The biggest take-up was seen in Yekaterinburg, Samara and Kaluga.
