Cookie Use Notification

This site uses cookies to provide you with a more responsive and personalised service.

By using this site you agree to our use of cookies as set out in our cookie notice. Please read our cookie notice for more information on the cookies we use and how to delete or block the use of cookies.

Cushman & Wakefield published “Moscow - largest industrial and logistics cluster in Russia”

Cushman & Wakefield, the world’s largest privately-held commercial real estate services firm, published report titled “Moscow - largest industrial and logistic cluster in Russia” for owners and developers of warehouse real estate, logistical operators, and retailers. Moscow region, alongside London and Paris is one of the top 3 largest industrial-logistical centers in Europe. Despite its large number of people, the region has a deficit of quality warehouse space while the rents are significantly lower compared to London and Paris. Over 50% of all imported consumer goods into Russia pass through the region and it has 67% of all the quality warehouse space in the country. Over 70 million people live within 1000 kilometer radius from Moscow, half the country’s population. This is why Moscow region is optimal for placement of federal distribution centers. However, availability of land plots in Moscow is diminishing rapidly and pushing development of immediately neighboring regions.

“Moscow region’s leadership is explained as a historical legacy of ‘planned economy’ as well as by economic causes”, explained Alexander Kuntsevich, research consultant in Cushman & Wakefield. “There is concentration of production forces (1/3 of Russian GDP comes from Moscow). The role of Moscow as a main distribution center (25% of Russian turn-over goes through Moscow) is likely to only increase in the future due to significant efforts to modernize existing highways and to build new ones.

“Over the last 10 years, there was a gradual movement of production and industrial zones out of Moscow and this process will continue”, said Egor Dorofeev, head of industrial and warehouse real estate in Cushman & Wakefield. “Even today we can talk of formation of new industrial clusters in neighboring regions which will begin to compete with Moscow in the near future”