„The local market and supply have significant growth potential. The Bucharest area has potential for at least one million, one and a half million of warehouses in the next 6-7 years, namely, double from the existing space,” said Horsley, adding that, compared with other markets, the growth rate is not so fast.
According to Horsley, in Germany, three million square meters of logistics space are built and leased annually, due to the high purchasing power.”
Modern retail sales are expected to exceed the EUR11 billion mark in 2017, after growing constantly from one year to another, along with the appearance of new supermarkets and hypermarkets. In the last decade, sales dubled from EUR5.2 billion in 2008 to EUR11.1 billion in 2017, according to data provided by market research firm Euromonitor.
The evolution of the Romanian market is the most spectacular in the region, in the context in which the increase din not exceed 20% in countries like Hungary and Czech Republic.