Moscow Region warehouse vacancy fell to 4.8% in Q3 2026
CORE.XP recorded a decline in the share of available warehouse space to 4.8% and a drop in accessible supply to 1.2 million sq m, alongside renewed growth in asking rents.
According to CORE.XP, the share of vacant warehouse space in the Moscow Region, including subleases, was 4.8% in Q3 2026, the lowest level in the past year. The volume of space available for lease and purchase fell by 36% quarter-on-quarter to 1.2 million sq m. The vacancy rate was below 7.7% in Q1 2026 and 6% in Q2, but still above 4.5% a year earlier.
After six consecutive quarters of decline, asking rents resumed growth. The weighted average asking rent for ready warehouse properties reached RUB 10,069 per sq m per year, up 0.5% quarter-on-quarter; for properties under construction it was RUB 10,995 per sq m per year, up 2.6%. Year-on-year, asking rents remained lower by 14% for ready space and by 9% for under-construction space.
Subleases accounted for 25% of available supply, with their volume down from 486,000 sq m in Q2 to 289,000 sq m in Q3. By location, the M-4 Don direction held the largest share at 23%, followed by Novoryazanskoye at 19%, Simferopolskoye at 18%, Gorkovskoye at 13% and Leningradskoye at 10%. CORE.XP forecasts vacancy at 4–4.5% by the end of 2026.
This LogisticsSOS summary was prepared with AI assistance. The original source is linked above; information may require further verification.