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Bright Rich | CORFAC International reports 22% decline in Russian warehouse real estate transactions in January–September 2026
The volume of warehouse real estate transactions in Russia fell 22% year on year to 2.23 million sq m in January–September 2026, according to Bright Rich | CORFAC International.
Bright Rich | CORFAC International estimates that warehouse real estate transactions in Russia totaled 2.23 million sq m in January–September 2026, down 22% from 2.87 million sq m in the same period of 2025.
Regional volume fell 44%, from 431,400 sq m to 240,900 sq m, while St. Petersburg declined 31%, from 526,700 sq m to 365,600 sq m. Moscow recorded a 15% decrease, from 1.91 million sq m to 1.63 million sq m.
Moscow’s share of total demand rose from 66.7% to 73%, St. Petersburg’s fell by 2 percentage points to 16.3%, and other regions fell by 4.3 percentage points to 10.7%. The company attributes the regional decline to reliance on large tenants and more cautious business expansion, while Moscow’s relative stability is linked to a diverse tenant base and concentrated logistics infrastructure.
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