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H1 2016 | Russia | St. Petersburg | Industrial Market

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In H1 2016, St. Petersburg warehouse market has increased by 133,000 sq m reaching 2.74 million sq m. The major volume of completions was formed by built-to-suit projects and amounted to 81%. Decreasing volume of new speculative stock of warehouses amid demand level remaining stable has led to declining vacancy rates that are set at 150,000 sq m, or 5.9%. In H1 2016 the average rental rent was RUB4,000-4,200/sq m/year (excluding VAT and OPEX).

H1 2016 | Russia | St. Petersburg | Industrial Market

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