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28 May 2012

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Moscow warehouse demand picks up, vacancies drop

Moscow region warehouse demand picked up in third quarter, with vacancy rates plunging to 7% from 11.7% in 2Q10 and from 18% over the past year, says Colliers International. Rents picked up to $110 per sq.m. for Class A after a lengthy stagnation at around $100. Modest projected new construction will keep vacancies trending lower and rents higher and may lead to a supply shortage by end-2011.

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