Totaly 91,000 sq m of new Class A warehouse space came onto the market in Q3 2011. All but a third of space in these projects has already been pre-leased, and there are almost no other vacancies: vacant space stands at about 30,000 sq m or just 0.6% of total Class A warehouse space in Moscow Region.
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Warehouse demand in 2011 remains high in comparison with 2010. According to preliminary data, transaction
figures in January-September were about 730,000 sq m, which is double the volume in the same period of 2010. Full-year take-up in 2011 is expected to be around 1 million sq m, which will be the highest level since 2007.
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There was no major change in rent levels for modern warehouse space in Q3 2011. Offered rates remained at a level of $130-135 (triple net).
