Logistics companies head to regions as Moscow market collapses

Logistics: With demand for new warehouse space collapsing in Moscow, logistic firms are flocking to the regions in a bid to keep up profits. According to a recent report by real estate consultancy Jones Lang LaSalle, Moscow’s logistics industry has been particularly hard hit by Russia’s economic slump and there are few immediate prospects of an imminent recovery. Companies are instead flocking to the regions, according to Vladimir Serebryakov, Business Development Director for the Russian subsidiary of France’s FM Logistics. The Moscow Times