By the end of 2025, the total area of high-quality Class A and B warehouses in Kyrgyzstan is projected to increase from 108,000 square meters to 400,000 square meters, reaching approximately 550,000 square meters by the end of 2026 and exceeding 1.3 million square meters in 2027-2028. This is according to data from international consulting firm IBC Global, as reported by Trend.
IBC Global consultants predict that by 2030, the market for high-quality warehouses (A and A+) will grow 12-15 times compared to current figures, making Kyrgyzstan one of the fastest-growing markets in Central Asia.
“The Kyrgyz warehouse real estate market is at the start of a significant transformation: a severe shortage of space and high demand are driving new investments in quality projects. We are confident that the development of new logistics hubs will create real opportunities for modernizing the storage and logistics sector in the republic and will become a driver of economic growth,” comments Stanislav Akhmezyanov, Managing Partner at IBC Global.
As of the beginning of 2025, the total area of modern Class A and B warehouse space (high-quality and modern facilities) in Kyrgyzstan is 108,000 square meters, of which about 36,000 square meters are Class A warehouses. Ninety percent of all warehouse space is concentrated in Bishkek and Chuy Oblast. Class A facilities are virtually nonexistent in the rest of the country.
IBC Global notes that the average rental rate in Kyrgyzstan for Class A properties is $142 USD per square meter per year (excluding VAT), with zero vacancy. As of June 2025, the space deficit is estimated at approximately 250,000 square meters, significantly exceeding current market capacity, as a significant portion of planned facilities are either being built for internal use (e.g., Wildberries) or are already contracted. Therefore, only a small portion of the space will enter the open market for speculative lease.
The upcoming growth in warehouse capacity around Bishkek is primarily driven by four key clusters accounting for approximately 80 percent of planned additions: the 300,000 square meter Wildberries logistics center, scheduled to launch at the end of 2025; the northwest “Manas” cluster, announced in 2024, with plans for completion by 2028; cross-border projects, including the “Atbashi” TLC with an investment of approximately $12 million USD, and the “Kok-Cho-Koz” logistics base covering 17 hectares, expected to launch in 2025-2026 (construction of these facilities is also confirmed by open sources).
IBC Global also highlighted the development of a southern cluster along the Bishkek-Osh highway, where the Global Hub multi-functional customs and logistics center with a total area of 137,000 square meters is under construction (57,000 square meters are planned for commissioning in 2026 and another 75,000 square meters in 2027).
Analysts emphasized that within Bishkek itself, modern Class A warehouses are mainly represented by point facilities, such as the “Neman-Farm” warehouse complex with an area of 12,000 square meters, commissioned in 2024. However, growth is also expected in the city’s warehouse market.