The 5 million square meter threshold was crossed in 2020, when almost 700,000 square meters of new logistics centers were delivered.
The most dynamic developers were CTP and WDP, which together delivered over 90% of the new inventory in 2021, followed by VGP, Globalworth and Element Industrial, which expanded their industrial platforms in 2021.
Capital Bucharest attracted almost 60% of the new stock of industrial spaces delivered in 2021. In the coming period, the weight held by Bucharest in overall deliveries is likely to shrink, with the need of online business to expand to other areas of Romania being one of the reasons, said Andre Brinzea, Partner-Land & Industrial Agency Cushman & Wakefield Echinox.
On the other hand, in 2022, developments will be under the pressure of soaring building costs.
(English version by Catalina Apostoiu)