 |
At the beginning of 2007
The total amount of quality warehouse space is 2,106,000 sq.m.
Results of 2006
The amount of new qualitative warehouse construction delivered in 2006 is estimated at 456,000 sq.m.
Rental rates ($/sq.m./year) (net of VAT, including operational costs)
- Class А: 140-160
- Class В: 110-130
Operational costs ($/sq. m./year)
- Class А: 25-30
- Class В: 10-15
Forecast for 2007
Key indicators:
- The shortage of high-quality warehouse spaces will persist in the year 2007;
- Reduction of the gap between supply and demand will result in tougher competition among properties;
- The vacancy rate will grow up to 1.5-3% for class A warehouse spaces, and approximately 3-5% for class B warehouse spaces;
- Stabilization of rent rates is anticipated in the year 2007;
- Approximately 1.5 mln. sq.m. of warehouse spaces are scheduled for launch in the year 2007.
Key trends:
- The market will witness continued high investment activity both in the Moscow region and in other regions of Russia;
- An increase in the number of investment transactions is anticipated: both purchases of completed projects and acquisition of shares of Russian developers operating in the warehouse segment;
- An increase in the amount of high quality warehouse spaces put into operation is anticipated;
- A further increase in demand in the class A warehouse segment is anticipated, particularly in the Western region;
- The tendency towards renting warehouse spaces instead of build-to-suit will be maintained by logistics operators;
- An increase in the volume of sale-lease-back transactions in the warehouse segment is anticipated.
|
