“Consumers spend more and more time online. The ecommerce sector is growing fast and our data show the online sales rate doubling from 7% to 15% in maximum five years. In its turn, the dynamic of consumers’ presence in physical stores brings with it the need to streamline and optimize stocks, in real time. The need for storage spaces becomes a key factor to serve consumers: the delivery time at online orders and the shopping experience in physical spaces depend on the quality of the logistics process. To give you an idea of the demand, I can tell you that five in ten retailers with which we discuss, ask us for details for both retail and industrial spaces,” stated Razvan Iorgu, managing director at CBRE Romania.
Iorgu also said that we are living in an omnichannel world, at both individual and business level, therefore, our services also become omnichannel.
Romania’s modern industrial space market is expected to exceed 5 million square meters by the end of 2020, according to CBRE data. Relative to Romania’s population, this volume represents an industrial stock of 260 sqm per 1,000 inhabitants, below the level in the region (347 sqm per 1,000 inhabitants in Hungary or 510 sqm per 1,000 inhabitants in Poland), with a growth potential further. According to CBRE, the modern retail stock was estimated, at the end of the third quarter, at 3.84 million sqm of shopping centers and retail parks.