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2019 | Q3 | Russia | St. Petersburg | Industrial Market

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The total volume of transactions in the high-quality warehouse real estate market in the first nine months of 2019 amounted to 210,700 sq m, which is two times higher than the same period last year. The main part (53%) of the transaction volume in 2019 was formed by transactions in the built-to-suit format. Amid growing demand, the volume of vacant space in high-quality warehouse facilities has significantly decreased. At the end of September 2019, the volume of vacant space in high-quality warehouse facilities was approximately 2.7% of the total market volume (81,100 sq m). This indicator is the lowest since 2013, when the vacancy rate was at the level of 1.8%.


2019 | Q3 | Russia | St. Petersburg | Industrial Market

Download Report