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?