The expert spoke about the seasonal dynamics of the industrial real estate market

With the onset of summer, industrial development traditionally reaches its peak activity, but the significance of this period varies for different market participants. Nikita Bakhcheev, Managing Partner of Promplan Group, told Izvestia about this on May 24.

According to him, summer is becoming a "hot season" for projects under construction, when excavation, construction of structures and facades are actively underway. At the same time, this period has different strategic value for investors and developers.

"For investors, the beginning of summer is the optimal entry point into industrial real estate projects. At this time, new industrial parks are being formed and construction queues are being launched, which makes it possible to fix the cost of entry before the traditional autumn price increase. By the end of the construction season, the cost of land and project implementation usually increases, so summer remains the most profitable time for investment," said Bakhcheev.

For developers, this period is associated with the active implementation of infrastructure works. In summer, roads, utility networks, water supply and sanitation systems are being laid, as well as the construction of major facilities ranging from warehouse complexes to light industrial format.

"Industrial residents face completely different tasks in this "golden period". For them, summer and early autumn are a unique weather window that allows them to enter the final stages of constructing their own production buildings. The speed and efficiency of work during this season directly affect how quickly the resident will be able to proceed to further planning and direct launch of production," the expert explained.

They will set you up for the worst: developers have launched a record housing construction since the beginning of the year

Why did this happen despite the crisis in the industry, and what risks does it pose to the market?

On April 8, Bakhcheev told Izvestia that investment interest in the Russian real estate market is shifting from the residential segment to the commercial, primarily industrial facilities. He stressed that the commercial segment benefits significantly in terms of payback periods. If an apartment can pay off for up to 15 years, then in industrial real estate this indicator is 5-6 years.