A presentation and workshop on the warehousing and logistics industry was recently held at Bank of Georgia, where Galt & Taggart shared the findings of its latest research. The event brought together key industry players for an in-depth discussion.
Interest in Georgia’s warehousing and logistics sector has grown significantly in recent years. In response to this trend, Galt & Taggart conducted a focused study analyzing current and future trends in Tbilisi’s warehouse market.
The research involved a survey of 40 companies, which together account for up to 40% of warehouse demand in Tbilisi. The findings show that demand for warehouse space is expected to remain strong over the next three years, with most companies planning to meet this demand by constructing their own warehouses. At the same time, supply is also growing—projects planned for 2025–2026 are set to increase total warehouse space by 33%.
The study also revealed a notable rise in rental rates, driven by increased demand and operating costs. The average rent for dry warehouses in Tbilisi currently ranges from $5–6 per square meter (excluding taxes), a significant increase compared to previous years. Rent prices vary widely depending on warehouse quality and function.
During the workshop, participants explored different warehousing models, compared European practices, and discussed the specific characteristics of the Georgian market.
The event concluded with a panel discussion, where industry representatives shared insights and addressed current challenges.
“Today’s session was both productive and insightful. We presented the key findings of Galt & Taggart’s research, and the engagement from industry players—both in the survey and during the discussion—was extremely valuable. Our goal was to share our perspective with the market and gather feedback to better align with business needs and support more informed decision-making,” said Giorgi Kukuladze, Director of the Corporate Department at Bank of Georgia.
“The warehousing and logistics sector is developing rapidly in Georgia, and timely access to market trends is essential for businesses to remain competitive. At Galt & Taggart, as a leading research-driven institution, we continuously strive to track trends, share valuable insights with our partners, and support them in shaping a future-oriented vision,” added Giorgi Kuprashvili, CEO of Galt & Taggart.
