Industrial and logistics stock transactions in Romania totaled 514,000 sqm in 2018.
By volumes leased, Bucharest was followed in 2019 by Slatina with 13% of demand (62,000 sqm traded).
“Demand for industrial space has continued to grow in recent years. New investors and more diverse locations for new developments have increased competition and kept the dynamic. We are looking closely at the evolution of demand, as the industrial market has seen record demand in the past four years with the expansion of retailers and logistics companies,” said Costin Banică, Head of Industrial Department at JLL.
Modern industrial stock in Romania exceeded 4.3 million sqm in 2019, double compared with 2015.
JLL had a market share of around 42% of the total industrial transactions market brokered in the first half of 2019. It was involved in the biggest deal of the year – Profi’s lease of 72,000 sqm in CTP Bucharest West.
Other major transactions assisted by JLL in 2019 include the lease of 16,000 sqm by Urgent Cargus in P3 Bucharest A1 Park and the lease of 8,400 sqm by Marelvi Impex in MLP Bucharest West.