The market of industrial real estate and logistics centres is the least developed segment of the domestic commercial real estate market. The supply of storage space is very limited and applies mainly to older buildings, while the supply of new space is extremely small. This, according to market participants, is partly due to administrative barriers and high utility fees paid per cubic meter rather than per square meter, which discourages investment in the construction of this type of facility.
For these reasons, the logistics space segment is characterized by very low availability of free rental capacity, which is around 3 percent, and rental prices and yields are higher than in comparable countries. The movement of physical indicators in the commercial real estate market, and thus potentially financial stability, in the next period could be affected by trends that have been present in this market for a long time, which are further accelerated by the coronavirus pandemic, such as strengthening online sales and increasing practices. work from home.
