Online retailers and trading companies - new warehouse lessors in St. Petersburg
The e-commerce and retail segments have been the main drivers of demand in the warehouse market over the past few years. However, the economic situation and logistical difficulties have adjusted the tenants' plans. Now they are ready to sublease temporarily unclaimed areas, thus competing with developers of warehouse complexes.
According to the consulting company Nikoliers, about 932 sq. m of quality warehouse space. Of these, speculative construction (intended for rent on the open market) accounts for only 186 thousand square meters. m. Most of the future warehouses - 696 thousand square meters. m - is built according to the built-to-suit model or by the companies on their own with the involvement of contractors for the e-commerce segments and trading and distribution companies.
Among the largest projects under construction is the Ozon warehouse complex with an area of about 135 thousand square meters. m in Bugry, the Ozon logistics center with an area of about 60 thousand square meters. m in PNK Park Shushary No. 3, the Wildberries distribution center in Shushary with an area of about 100 thousand square meters. m, as well as a warehouse complex for "Sberlogistics" with an area of about 100 thousand square meters. m in "Armada Park".
“In the face of economic uncertainty, online retailers, as well as retail and distribution companies, have adjusted their development plans for the next few years. Now tenants from these segments are offering temporary surplus space for sublease, thus becoming a key competitor to speculative warehouse complexes,” comments Veronika Lezhneva, Director of Research at Nikoliers.
According to Nikoliers, the "new offer" from online retailers and trading and distribution companies now amounts to about 110 thousand square meters. m, while the market vacancy rate does not exceed 1% (or 37 thousand sq. m). Until the end of the year, the volume of "hidden vacancy" (including sublease) may increase to 130-150 thousand square meters. Thus, the total volume of available supply (taking into account sublease and market vacancy rate) in the high-quality warehouse market of the Northern capital by the end of 2022 may reach about 200 thousand sq. m. m or about 5% of the existing warehouse space. For comparison, during the crisis period of 2014-2015, about 150-175 thousand square meters were free. m without taking into account the hidden vacancy at that time, amounting to about 20 thousand square meters. m.
According to Nikoliers, in four months, developers put into operation 45,7 thousand square meters. m of quality warehouse real estate. The vacancy rate is still less than 1% of the total market volume, the "hidden vacancy" increased by 0,5 p.p. over the month. and reached 3%, or 110 thousand square meters. m. Against the backdrop of a high level of occupancy of warehouse space, the requested rental rates are not reduced. As of the end of April, the requested rental rates in class A are 6 rubles per sq. m. m / year (excluding operating expenses and VAT), in class B - 350 rubles. / sq. m/year (excluding operating expenses and VAT).
The e-commerce and retail segments have been the main drivers of demand in the warehouse market over the past few years. However, the economic situation and logistical difficulties have adjusted the tenants' plans.…
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From July 27 to 29, the Euro Shoes@CAF_Eliteline 2026 exhibition will be held in Almaty, Kazakhstan.
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