“The new deliveries are needed both to meet the robust demand and to replace a significant stock of older warehouses,” say Colliers consultants in the market report on real estate market evolution in the first half of 2021.
In line with the report, in the first six months of this year the overall demand in the industrial and logistic sector increased to almost 394,000 square metres in leasing transactions, from almost 298,000 square metres of modern warehousing spaces traded in the same period of last year, with 2021 likely to set a new leasing deal record for the second year in a row.
By sectors, while 2020 belonged to the FMCG sector in general, in 2021 it has been the turn of the logistic sector to account for almost 40% of overall leasing deals.
As Romania’s total stock of modern industrial and logistic spaces per capita is just half of Poland’s, but consumption levels are similar, Colliers consultants expect this dynamic to persist on the medium term, with a potential of getting close to the threshold of 10 million square metres of modern warehouses by the end of the decade.
Overall, there are signs of a possible pickup in activity in the production area, not just on the logistic segment, according to Colliers consultants, but a lot depends on infrastructure being sufficiently improved for new regions with enough and cheap workforce to be unlocked.
At the same time, the next decade will also bring several major tendencies with a major impact over industry, starting from the introduction of some stricter environment rules to speeding up automation processes, concludes Colliers report.
(English version by Catalina Apostoiu)