2024-05-26 16:57:17
The euphoria of constructing warehouses and logistics bases, which arose instantly after the beginning of the pandemic, has handed. In response to the most recent report of the consulting firm “Cushman & Wakefield – Forton”, within the first quarter of 2024, the newly constructed areas are only a few,
almost 3% of the prepared are unoccupied,
and rents have stopped rising for the primary time since 2021.
Within the pandemic, the necessity for brand new warehouses grew immediately as a result of the enterprise of on-line shops and residential deliveries usually elevated. This led to a feverish development of logistics bases, which doubled in comparison with 2019 and at present solely
in and across the capital there are simply over 2 million sq. meters,
that are rented out.
Nevertheless, the newly constructed ones are only a few – solely about 10 thousand sq. meters, and within the first three months of the yr the development of latest 74 thousand sq. meters began, in opposition to virtually twice as a lot in 2020 and 2021.
“The delay is the results of the decreased import of products”, feedback Zhoro Angelov, supervisor of “Industrial and logistic areas” within the firm.
Nearly all the things that’s at present being constructed is speculative, ie. to be rented out. The massive retail chains in our nation have lengthy constructed massive warehouse bases round the primary highways and close to the large cities, and the remainder of the tasks are primarily for hire to on-line retailers or smaller market gamers.
The free areas are growing, albeit very barely. Within the final quarter of final yr they had been 2.3% of all, whereas now they’re already 2.8%. In response to Angelov’s explanations, that is to some extent additionally because of the truth that just lately, principally large warehouses are being constructed, the utilization of which takes extra effort and time for his or her homeowners.
Rents have additionally stopped rising
They continue to be at a mean of 5.40 euros per sq. meter, as they had been final yr, and the forecast states that there isn’t a cause to boost them for now.
Earlier than the pandemic, the common hire for such areas was between 3 and three.50 euros per sq. meter.
Nevertheless, the return on such an funding remains to be excessive – about 8%. That is virtually as a lot as business area and much more than housing.