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Philipp Chaika, Head of Indastrial and Warehouse real estate department, took part in RGUD Chrismas summit in Saint-Petersburg

Within the Christmas Summit of the Russian Guild of Managers and Developers, the expert spoke about the state of the industrial and warehouse real estate segment in St. Petersburg and Leningrad Region. This year, the volume of warehouse space commissioning was a record one for the latest 7 years and amounted to 83 thousand square meters. But the vacancies level remains relatively low and amounts to less than 4%, said the Head of IPG.Estate's and Industrial and Warehouse Real E Department, Philipp Chaika. Rental rates are rising: an average cost of space in A class facilities today is 500 RUR. The greatest activity among the lessees is shown by online retailers. Recently, major players of this segment have increased occupied areas 2-3 times, according to the IPG.Estate's expert.

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