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Share of lease deals in I&L segment in Moscow region reached 100% in take-up structure

- Share of forward deals reached 0 mark in Q2 2016 - 

Moscow, 26 July 2016, - CBRE, global real estate advisor, summarizes H1 2016 results of the Moscow Region Industrial Big Box Market. According to the report, share of lease deals reached 100% in take-up structure – at the moment new warehouse buildings at low prices represent the most popular product on the market.

Take-up in H1 2016 totaled to 408,000 sq m, which is 13% lower than result of H1 2015. Though, overall business activity in I&L Market was much higher: alongside leasing of new premises many companies continue expanding their space within currently occupied logistic parks. Closure of a number of big deals is expected in H2 2016, as a result annual take-up may reach 1 mn sq m.

Demand will be focused on immediately available buildings of the primary market. Based on low volumes of speculative development, volume of a vacant space will stabilize at current level that will allow keeping the rental rates unchanged.

Anton Alyabyev, Director of Warehouse & Industrial Department, CBRE in Russia said: 

"Ready-to-move-in warehouses are the top priority for tenants now. For such rapidly growing segments as large retail chains or e-commerce there is a great opportunity to start warehouse operations in a new building in a very short time. 

Despite high volume of vacant space in total, number of options suitable for allocation of large distribution centers is limited to several projects even now and will decline further along with demand activity."