Of the total industrial stock, 55% is located in regional cities and Bucharest accounts for the rest.
“We estimate 380,000 sqm of industrial stock will be delivered by the end of this year, with many projects located on the outskirts of Bucharest. Projects under development have been largely pre-leased,” said Andrei Jerca, Account Director Industrial Advisory & Transaction Services at CBRE Romania.
Around 73% of modern industrial stock in Bucharest is located in the western area, in proximity to the A1 highway. The northern area is seen as the next industrial hub in Bucharest, currently hosting 15% of modern industrial stock.
Of projects under development in regional cities, 55% are located in the central part of the country and 25% in the north-west.
Planned projects and projects under development to be completed by the end of 2020 total 580,000 sqm, CBRE noted.