In 2018, deliveries of modern industrial stock will grow at least 40%, topping the record hit in 2017, of approximately 500,000 sqm.
In the first half of 2018, developers delivered 330,000 sqm of modern storage, excluding spaces developed directly by potential tenants. Deliveries in Bucharest focused mainly on the western and northern areas, totaling over 110,000 sqm, 38,000 sqm were delivered in Timisoara, while 20,000 sqm each were delivered in Pitesti and Ploiesti.
Even though modern industrial stock could exceed 4 million sqm by the end of 2018, Romania is still behind other countries in the region, which suggests further potential for growth, Colliers noted.