Published at: 2008-07-01 12:00 | Author: CIJ Russia
A recently released European logistics report by Jones Lang LaSalle shows occupier demand for distribution warehousing remained strong in the first half of 2008, despite a drop of 38 percent in investment activity year-on-year to Euro 4.5bn.
In Russia, however, occupier demand fell by 57 percent from the same period in 2007, though construction activity was especially robust, with 1 million sqm of new logistics space coming to the country in the first half of the year. The report points to the expansion of construction outside Moscow and into regional cities as a sign that demand is still relatively healthy, explaining that some occupiers are just reluctant to prelease because of the high risk of delays resulting from planning compl...
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