New warehouse complex "Rusich-Shushary" in the Leningrad region
The number of new warehouse complexes is growing in St. Petersburg and the Leningrad Region
By the end of 2025, the market of St. Petersburg and the Leningrad region will be replenished with more than 1 million square meters. m warehouses. Meanwhile, the vacancy of warehouse space, due to high demand, continues to decline, analysts at Nikoliers say.
In the first half of 2023, 121 sq. m of quality warehouse space. In particular, according to Nikoliers, the construction of two speculative facilities has been completed: a new building in the north of the city as part of the Octavian IC (11 sq. m) and a multi-temperature warehouse in the Rusich-Shushary park (54 sq. m) .
Also, the offer was replenished with a number of objects implemented by companies for their own needs. Among them is a new unit as part of the OZON distribution center in Bugry (27 thousand sq. M.), the production and warehouse building of ES EM SI Pnevmatic in Gorelovo (15 thousand sq. M.) and the pharmaceutical company Severnaya Zvezda in Nizino ( 11 thousand sq. m).
The high rates of commissioning of high-quality warehouse premises in the Northern Capital will continue. Currently, more than 1 million sq. m of warehouses, their commissioning is announced in the next two and a half years. At the same time, 68% of the areas declared for commissioning are speculative, the federal brands of Russian e-commerce, distributors and logistics may become key interests in these facilities.
Among those announced for commissioning in 2023-2025 are a warehouse for the Sberlogistics company in the Armada Park complex (108 thousand sq. M), a new OZON warehouse in the village of Poroshkino (118 thousand sq. M), new buildings in as part of the Aspen Grove complexes (50 thousand sq. m.), PNK Group Kolpino (380 thousand sq. m.) and PNK Park Shushary-3 (60 thousand sq. m.), Admiral in Gorelovo (64 thousand sq. m), "100K" in Bugry (111 thousand sq. m).
At the same time, the share of vacant space in high-quality classic warehouse facilities continues to decline.
“The activity of tenants is growing, most of the objects were contracted at the construction stage,” comments Ilya Yaneev, Senior Consultant of the Department of Warehouse and Industrial Real Estate at Nikoliers. - Under the conditions of the accumulated deficit, the vacated areas do not enter the market, but are leased to new tenants three to six months before the expiration of contracts with previous companies. Given the high demand, the owners of the complexes keep rental rates at a high level: at the end of June 2023, the weighted average rental rate in the existing class A complexes is 6,3 thousand rubles per sq. m. m per year, class B - 5,7 thousand rubles / sq. m. m per year (excluding OPEX and VAT).
According to Ilya Yaneev, the problem of the lack of free space is relevant not only for classic dry warehouses. Against the backdrop of the active development of Russian retailers and marketplaces, as well as manufacturing companies in the region, the shortage of multi-temperature warehouses and light industrial facilities is growing.
“Despite the fact that there are more than 800 thousand sq. m. of multi-temperature warehouses, most of the functioning facilities are used by owners or long-term tenants for their own needs. In fact, at the moment, premises are offered for rent as part of the Interterminal Kubinskaya, Arosa and Rusich Shushary complexes. By the end of the year, it is planned to complete the construction of the 100K projects in Bugry (24 sq. m of multi-temperature areas), as well as the ILR Construction freezer warehouse for the needs of the Dessert Fantasy dessert manufacturer (7 sq. m),” the expert explains .
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