The volume of new supply in the warehouse and logistics real estate market in Kyiv region by the end of 2021 is expected to reach 84,000 square meters, while the initiation of new projects can be expected in case of favorable macroeconomic conditions, given the increase in rental rates. “According to developers, in 2020-2021 an additional 84,000 square meters is to be commissioned in the market, among them the second stage of the Amtel warehouse complex (52,000 square meters, Amtel-Properties developer, the location is Boyarka, T-012), Mirage-3 warehouse complex (9,000 square meters, Mirage developer, the location is Hostomel, M-07/E-373), as well as SAN Factory 2 Storage Area Network (23,000 square meters, the developer is SkyLine Development, the location is Kyiv). At the same time, despite the short term for the implementation of warehouse construction projects, the initiation of new projects can be expected in case of favorable macroeconomic conditions vii taking into account the growth in rental rates,” CBRE Ukraine forecasts in a press release.
According to the report, by the end of 2019 Unilogic Park III is expected to be commissioned (22,000 square meters, the developer is MERX Group, the location is Brovary, M-01/E-95). According to the company’s experts, this will not have a significant impact on balancing the market with a new offer.
“In connection with the improvement of the economic situation, we expect a moderate growth in the warehouse real estate market. Thus, the growth of income and the value of existing warehouses is forecasted due to the limited supply of new products over the next 18 months and, as a result, growth in rental rates, given the further development of the economy and retail. As a result of outsourcing logistics and storage processes, as well as due to the growth of e-commerce, wholesale and retail companies, as well as logistics firms remain key players in the market,” the head of the department of warehouse and logistics real estate at CBRE Ukraine, Natalia Sokyrko, said.
