This evolution, mainly due to the approach of developers not to build important speculative projects in area, but only as a complement to firm leases, makes the logistics and industrial market to be one of the most balanced real estate sectors in Romania. The developers calibrated their plans according to demand, but at the same time, the rental activity continued to be at similar levels to previous years, despite the uncertainties related to consumption, unemployment, economic growth, according to JLL Romania.

The volume of industrial and logistics spaces rented in the first nine months was 16% higher than in the corresponding period last year, when it stood at 337,000 square meters.

Bucharest attracted most of the demand for industrial and logistics spaces in the country, respectively 48% (approximately 171,000 square meters), followed by Timisoara (76,000 square meters), Craiova (57,500 square meters) and Arad (with almost 20,000 square meters).
In terms of demand, the largest volume came from FMCG companies, with almost 50% of the total (172,000 sqm), production (17% and 60,000 sqm respectively) and those with activities in the field of distribution and logistics ( 15%, 54,000 mp).

JLL data, based on information provided by developers, shows that this year projects totaling about 600,000 square meters will be completed, which will increase the stock to over 5 million square meters. Thus, in the last quarter, developers plan to build another 180,000 square meters of industrial and logistics space in the country. The largest volume will be delivered in Bucharest, respectively almost 80% of the planned projects.

At the end of September, the stock of industrial and logistics spaces nationwide stood at 4.87 million square meters.

Over 53% of the stock is located in Bucharest and Ilfov, 18% in the West and North-West region, 15% in the Center and 11% in the South. The other regions - Southwest, East and Southeast, each have less than 5% of the stock. (source: JLL)