Currently, projects of 70,000 square meters are under planning stage, as developers face difficulties in getting financing, the report also read.
“The industrial sector registered a 3.1% higher turnover in 2012 compared with 2011, which represented a quarter of Romania’s total GDP, showing a higher interest for this area. We therefore expect that in 2012, developers start industrial park projects put off for years,” Marian Orzu, head of industrial department CBRE Romania said in a statement.
Orzu added the tenants will look for efficient spaces and will mainly head to build-to-suit projects in 2013. Also, rents stabilization will make tenants move to class A buildings.
In 2012, industrial supply nearby Bucharest increased 2%, to a total of 980,000 square meters, while the total lease activity increased 40% in the second half of 2012 compared with the year-earlier before, according to CBRE’s report on the local industrial market.