The modern industrial space stock in Romania stands at 5.9 million square meters in the first six months of the year, with half located in Bucharest, Ilfov and nearby localities.
“2022 is another excellent year for the industrial space market of Romania, considering the high level of pre-leased areas in almost all the regions of the county, with a significant absorption percentage particularly in the western and central areas. Industrial space demand remains high, at least in these two regions, being a representative tendency of recent years. In Central and Eastern Europe, Romania ranks third, behind Poland and the Czech Republic, in terms of modern industrial space stock,” says Victor Rachita, Head of Industrial & Logistics at CBRE Romania.
In Bucharest, Ilfov and neighboring localities there are over 181,000 square meters of new industrial spaces under various construction phases, with almost 40% of this area being already pre-leased.
“Looing at the development of industrial spaces, it’s important to note that developers’ focus is also on the eastern and north-eastern regions as well, not just on Bucharest and the western region, as we were used to, with the tendency set to become more visible in the coming period,” says Daniela Gavril, Head of Research, CBRE Romania.
(English version by Catalina Apostoiu)