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10 октября 2013

Colliers International Company presented a report on the state of commercial property in 2013


Colliers International Company presented a report on the state of commercial property in 2013 warehouses

According to this report, warehousing market is in deficiency, even despite the fact that a lot of properties are being placed into operation. Vacancy rate of high quality commercial properties is practically zero. There was a 295 thousand square meter increase in property placed into operation during the second half of the year. Over 685 thousand square meters of property have been placed into operation in 2013.

Total warehousing facilities space in Moscow and its region is 9 million square meters.

Take up rates for high quality space is approximately 1 million square meters. Despite the fact that space on lease quality is increasing, vacancy rate does not.

Average annual lease rate for Class A warehouses is 137 dollars per square meter, and 120-125 dollars per square meter for Class B warehouses.

Next year development rates will continue to grow. This information has been researched by a think tank this year.

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