“A factor that impacts market growth is the decision of major companies to outsource logistics services in a bid to focus more on their core activities,” states Emil Ion, managing director of Wim Bosman Romania.
He also says that lately, market players have started coping with a shortage of skilled workforce in the field, which can hurt performances and implicitly revenue.
According to real estate consultancy CBRE, Romania has a logistics spaces stock of 2.43 million square meters, with 41% in or near Bucharest. Beside this, CBRE identified another 2.1 million square meters of spaces with production units for the automotive industry and for the other industries there are another 2 million square meters.
This drives the overall industrial space to 6.51 million square meters, a level for which spaces filled by those that have their own buildings were not taken into account.
Recent years have brought a shift from logistics warehouses to production centers. Most these new production centers have been built outside Bucharest.
The future developments are limited to “build-to-suit” constructions for production. Taking into account an increase in local consumption and a retail rebound, logistics spaces may also register a pickup, not just production ones, according to CBRE consultants.
The ever more complex and diversified needs of logistic operators’ clients are putting pressure on all market players. However, highly-operational, efficient companies can strengthen and even expand their client portfolios.
(English version by Catalina Apostoiu)