Of the total transactions signed, 88% represented requests from existing customers which had their contracts renewed (54,000 sqm) and had the surface area of rented premises extended (33,000 sqm). New customers accounted for 11% of all transactions (11,500 sqm) and short-term contracts totalled 7,500 sqm.
“Under the auspices of market dynamics, the sectors that performed best for our location were unchanged, namely network and logistics services. The market is stabilising and may not be growing as rapidly as during the pandemic, but there is steady, healthy growth and we are ready to respond confidently to the demands of current and future customers,” said Sînziana Pardhan, Managing Director P3 in Romania.
According to Pardhan, logistics companies accounted for half of all new contracts signed last year. Major tenants such as Altex, Acimoda, Yusen and SLS Cargo have extended or expanded their lease in P3 Bucharest A1. The developer also welcomed two new tenants, ALEF Distribution and FAN Courier. The new space leased by Romania’s leading courier services provider has become the main courier hub in western Bucharest, serving all FAN Courier customers in the region.