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The volume of warehouse commissioning in the capital region decreased by almost 1.8 times

Объемы ввода складов в столичном регионе снизились почти в 1,8 раза

In the first half of 2024, 294,700 square meters of warehouse space were put into operation in the Moscow region, Vedomosti reports, citing data from the consulting company Ricci.

Suwin/Shutterstock/Fotodom

Suwin/Shutterstock/Fotodom

Analysts note that this is the minimum figure over the past few years. For example, in the first half of 2023, almost 1.8 times more entered the market – 525,382 sq. m. m, and a year earlier – 769,726 sq. m. The report also clarifies that the company counted only classic warehouses and did not take into account light industrial facilities.

Other consultants also talk about a decrease in the commissioning volumes of traditional logo parks, but their figures differ. Thus, the head of the warehouse and   industrial real estate CORE.XP Anton Alyabyev assures that only 196,000 sq. m. were built this year. m of warehouses, which is almost 3 times less than a year earlier. A   regional director of the warehouse and   industrial real estate Nikoliers Victor Afanasenko even talks about 173,000 sq. m.

Among the largest facilities that were commissioned in the first half of 2024, consultants name new lines in the Sofiino logistics parks (41,800 sq. m) in the Ramensky district of the Moscow region, Atlant Park (39,000 sq. m) in Bogorodskoye city district and “Obukhovo Park” (30,200 sq. m) in the same place, says the Ricci report.

Developers are afraid to build warehouses if they do not have agreements with specific tenants or buyers, experts explain the trend. The Ricci report, in particular, states that the volume of commissioning of speculative properties in the first half of 2024 decreased by 2 times compared to the same period last year and amounted to 181,500 sq. m. m. This is also the minimum figure for the last five years.

NF Group: space utilization of Russian logistics operators reached a record 96%

CORE.XP: the volume of investments in warehouse real estate has increased 2.7 times since the beginning of the year

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