The significant growth of the market is because of Romania’s role as a regional distribution hub for companies targeting Southeastern Europe, Colliers says. Although logistics remains the most important, the manufacturing sector is seeing an increase in terms of rental.
“The industrial property market has significantly increased after the pandemic, almost doubling the rental levels from before 2020. The economic growth, the infrastructure improvement and the reshoring are key factors in this. Considering the lower supply of modern space per capita compared with Czechia or Poland, Romania has a robust growth potential,” Victor Cosconel, Head of Office & Industrial Agencies with Colliers, explained.
Asking rent varies from EUR3.4 per square meter per month in Poland and EUR7.7 per square meter per month in the Czech Republic. Romania is somewhere in the middle, with gross rent of about EUR4.5-EUR5 for the best warehousing space.
Investment yields of top industrial and logistics developments range from 5.25% in Czechia (lowest in the ECE region) and 8.5% in Bulgaria, with 7.5% in Romania.
(English version by Loredana Fratila-Cristescu)