“There’s a spike in demand, especially considering activity in 2013 was due to the fact that many projects from 2012 were pushed into 2013 because of the political crisis, which delayed several investments. In 2013, 250,000-270,000 sqm were leased and we estimate 300,000 sqm for this year,” Orzu said Tuesday at the MEDIAFAX talks About Transport&Logistics conference.
He said Romania currently has 2 million sqm of logistical space, more than half of it in the Bucharest area, of which 134,000 sqm still available.
The next logistical areas are the western and northern regions, with around 600,000 sqm, of which 72,500 sqm still vacant, followed by the south with 482,000 sqm, of which 67,500 sqm still vacant.
In the central region logistical projects total 220,000 sqm, of which 31,000 sqm vacant, while the east is the least developed area, with just 22,000 sqm and a 10% vacancy rate.
Orzu added rent prices have not changed much this year and have remained at EUR3.5-4/sqm.