Deliveries in Timisoara will not affect the occupancy rate of stock in the city as both projects are already pre-leased, one by Continental (45,360 sqm) and the other by TT Electronics (20,000 sqm). In Bucharest there is no such project under construction, although there are plans for investments totaling nearly 1 million sqm, which could start once the market continues to rise or when pre-leases are secured, the real estate consultancy company said in a report Friday.
Timisoara also attracted the most new contract for industrial spaces last year. The biggest deal was Germany’s Elster Rometrics’ pre-lease of 7,000sqm in the Timisoara Airport Park.
Counting lease renewals, Timisoara ranks second, after Bucharest, with 95,000 sqm, the report notes.