Moreover, the first half of 2025 is the third best performing of the past 12 years, with a volume 45% above the average of the analyzed period.
New demand, not including renegotiation contracts, kept its majority weight, of 340,000 square meters, representing 66% of the traded area in the analyzed period.
Bucharest remains the main market preferred by industrial and logistics spaces tenants, with 70% of total spaces leased in H1/2025 (359,100 square meters), followed by Timisoara with 13% (69,400 square meters).
The H1/2025 evolution on the industrial and logistic segment paves the way for a year when the volume of leases is likely to hit again the mark of one million square meters, according to Cushman & Wakefield Echinox consultants.
“Romania industrial and logistics space market registered a high level of transaction activity in the first half of 2025, which creates confidence and optimism in the recent years’ steady, sound and sustainable evolution of this segment,” says Rodica Tarcavu, Partner Industrial Agency Cushman & Wakefield Echinox.
The Cushman & Wakefield Echinox report shows the biggest contracts sealed in the second quarter are exclusively represented by renegotiations.
The modern stock of industrial and logistics spaces reached 7.75 million square meters at the end of the second quarter as developers in the first six months completed new projects with a total leasable area of around 184,100 square meters, up 77% from the same period of 2024.
At the same time, developers have projects of around 370,000 square meters under construction nationwide.
The vacancy rate inched up to 5.8%, with a further decline anticipated for the rest of the year.
Benchmark rents in Bucharest and the main industrial and logistics destinations stabilized at levels ranging between EUR4,30-4,70 per month, which are likely to suffer slight adjustments by yearend amid rising construction costs and higher land acquisition prices.
(English version by Catalina Apostoiu)