Romania’s capital city Bucharest, though it owns half of the industrial spaces stock on the local market, totaling 2 million square meters, is not included in none of the five transactions in this sector in January to June.
The largest transaction in the first semester is of US’ P&G group that rented 28,000 square meters in Timisoara-based logistic center Dunca. Other two large transactions are of auto spare parts producers Preh and Federal Mogul, which rented each 13,000 square meters in Industrial Park Brasov with ICCO group, as well as WDP Ploiesti of Belgium’s WDP.
Currently, the unoccupancy rate of the industrial spaces in Romania sets at 10-12.5%, while it sets below 5% in Bucharest. Prime rents in this sector are at EUR3.5-4 per square meter on a monthly basis.
(English version by Manuela Panescu)