baltic states and belarus real estate market review - Colliers

Real Estate Market Review 2011 | Belarus Industrial Market
Warehouses vacancy level
Source: Colliers International
6%
5%
4%
3%
2%
1%
0%
June 2005
June 2006
June 2007
June 2008
June 2009
June 2010
Some specific areas can have higher vacancy
rates or have longer vacancy period before
leases. Among such areas are premises
located in multilevel warehouse complexes of
old construction that even of good quality do
not always correspond to specific activities
of most companies.
tendencies AND FORECASTS
◊
◊
Significant increase in supply due to
completion of new projects.
Reduction in the rental rates of A and B
Class properties.
◊
Increase in demand for services of
customs warehouses and customs
terminals due to the activities of the
Customs Union of Russia, Belarus and
Kazakhstan.
◊ Vacancy increase in high quality
warehouses in the medium term, should
all announced projects be completed.
◊
◊
The presence of unsatisfied ongoing
demand for modern properties.
High competitive risks in the medium
term (the probability of simultaneous
market entry of large projects).
CONTACTS: ANDREY PAVLYSHKO - a.pavlyshko@colliers.by l ANDREY ALESHKIN - a.aleshkin@colliers.by
Colliers International | p. 90