Swiss Appraisal: “Capital warehouses plummeted in price”

According to the Swiss company Appraisal, this occurred due to an increase in vacant warehouse facilities.

The most extreme price decrease is for grade-C facilities within the Moscow Ring Road — a fall of 11%, to 40,000 rubles per square meter. For grade-A facilities, the decrease in average selling price was only 3%, to 61,000 rubles per square meter. Grade-B is stable: 52,000 rubles per square meter.

Rents for facilities within the boundaries of the Moscow Ring Road decreased most of all for grade-C: on average 3,500 rubles per square meter per year, which is down 13% from 2016.

For grades A and B, average rents fell by 2% and amounted to 4,400 rubles and 4,200 rubles per square meter per year, respectively.

The reasons for the decrease are tenants’ desire to save money and low developer activity. Experts predict a moderate growth in rental rates in the second half of the year.

The sale price for warehouses beyond the Moscow Ring Road decreased for grade-B by 13%, to 39,000 rubles per square meter and by 12% to 30,000 rubles for grade-C. Grade-A is stable: 50,000 rubles per square meter. Swiss Appraisal cites reduced demand as the reason for lowered prices.

The average lease rate for warehouses beyond the Moscow Ring Road fell by 3% for grades A and C to 3,800 rubles and 2,900 rubles per square meter per year, respectively. Grade-B is remaining at 3,300 rubles per square meter per year.

According to analysts, a moderate growth in rental rates for facilities beyond the Moscow Ring Road is also possible in the second half of 2017.