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2020 | Q1 | Russia | Moscow | Industrial

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Business-activity in development in Q1 2020 was 57.5% higher than in the same period of 2019. Most warehouse complexes were commissioned in BTS-format. A share of speculative construction didn’t overcome 40%. Because of low level of a speculative development and high take-up in the first 2 month of Q1 2020 vacancy dropped to 3.1%. Main drivers of take-up were retailers (offline and online), which together consumed 70% of the total amount of lease and sale deals.  
Economic recession and pandemic will become a reason of a rental rate decrease despite the positive trend during the last years. Current economic situation will affect other market parameters including demand, vacancy and new construction. 
 


2020 | Q1 | Russia | Moscow | Industrial

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