Starting from 2015, alongside the slowdown of the Russian economy, Moscow Region warehouse market began to moderate its active growth, which has been observed over the last few years. Net absorption declined by 55% in 2015, compared to the previous year. This year absorption has stayed at a low level and is expected to be at 400,000 sq m.
High volatility of the market and its sensitivity to macroeconomic dynamics are stipulated by market youth (in comparison with mature markets), its relatively small size and a short construction period. Therefore, should any external factors appear, the market will react fast.
The difference of the current situation from that of 2008-2009 is in its longer duration.