“Market analysis shows a repositioning of companies. There is high demand for manufacturing and warehouse facilities. On the other hand, interest for office space is on the decline. Entrepreneurs have reconfigured their businesses, a trend we expect will continue in the next period. We are also noticing a revival of interest from foreign investors in the Cluj area and in Transylvania in general,” said Fodor.
He added Romania should take advantage of this time when many business are reinventing, adapting and relocating to Europe.
Teatrom parks have been impacted by the COVID-19 pandemic and some tenants vacated the premises, while others required various facilities.
“Four tenants have left but only from office spaces, while 26 suspended activities or required deferrals for rent payments,” said Fodor.
Tetarom’s three industrial parks in Cluj county have an occupancy rate of 90%.