The renewal and renegotiation of Carrefour contract in Bucharest (45,000 sqm) was the biggest transaction in 2013, followed by rentals involving a logistics company in Bucharest and an electronics producer in Timisoara. Another significant rental deal for a production space, in Solo Industrial Park in Iasi, targeted the Lear Corporation.
CBRE expects demand in 2014 to reach at least the level in 2013 or to see a slight increase.
The vacancy rate in Romania remains stable, but it depends on each region. Thus, Bucharest boasts the largest stock of available industrial spaces (over 134,000 sqm), which translates into a vacancy rate of 12%. In the regions outside Bucharest, the index ranges between 10% and 14%, with a volume of available spaces of over 170,000 sqm.
According to CBRE, prime rental values have been stable over the past two years, mainly in Bucharest, ranging between EUR3.8/sqm and EUR4/sqm.