16 December 2021
The New Year is a new record
The New Year is a new record, this is how the warehouse real estate market of St. Petersburg can be described. 2020 was a record year in terms of the commissioning of new facilities over the past six years and amounted to about 340 thousand square meters, and was also marked by high demand, a record low vacancy rate (about 2-2.5%) and an increase in the rental rate, which at the end of 2020 practically corresponded to Moscow and was about 4000-4200 rubles per 1 sq. m.
What are the results in 2021? Records again. Today about 14% of all high-quality industrial real estate in Russia is concentrated here, in absolute figures it is about 4,200 thousand sq. m, the rental rate (rental cost) in St. Petersburg has increased by 20-25% over the year according to various data and by the end of 2021 will be the highest in the history of monitoring the warehouse real estate market in the region. How will this affect the market? What to expect from 2022?
Details in the latest article: (RUS) https://www.dp.ru/a/2021/12/08/CHto_imeem_edva_hranim?fbclid=IwAR3SOJ3G5mtnRFyrdYwgVphvcSPPQVt1nJ1wUJ_m6CPPcRc5n6qY9ywYDoI
Year Ending: In just two years, warehouses have turned from a "boring" segment into the leaders of commercial real estate.
Format transformation: shopping malls across the world have tended to adapt their areas for storage of goods
Demand for warehouses in the capital and its suburbs is increasing at a rate exceeding the supply growth
Warehouse 2CDE Green has been shortlisted for the CRE Federal Awards 2021 in the category “Green Brick”
Building 3AB Green has been nominated in Arendator Awards 2021 for the “Warehouse Сomplex” and “Best Ecological Project” categories
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South Gate becomes first industrial park in the world to hold both LEED (Silver) and BREEAM (Very Good) sustainability certifications
Radius Group Managing Director Chris Van Riet: How e-commerce is reshaping Russia’s warehouse industry
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Radius Group and Leroy Merlin sign a purchase build-to-suit agreement for a 100,000 m2 Consumer Distribution Center.
Radius Group Invests 8.4 Billion Rubles ($248 Million) In The Expansion Of South Gate Industrial Park With Loan From Sberbank
Radius to Build & Manage 10,000 M2 Records Management and Document Storage Facility for Iron Mountain
The latest phase of ‘South Gate Industrial Park’ has achieved the highest BREEAM rating of any commercial real estate project in Russia.
Radius Group and Oriola have signed a 10 year leasing agreement on a 30, 000 m2 logistic center facility at the South Gate Industrial Park