As for the industrial sector, deliveries in the first half of the year were down by 64% to 80,000 sq m compared to 175,000 sq m in S1 2016.
Bucharest's share in total deliveries remained constant at around 60%. Unlike the retail sector, the industrial market will recover in the second half of the year, when new spaces with a cumulative area of approximately 400,000 square meters are scheduled to be delivered in all areas of the country.
Thus, with deliveries of about 480,000 square meters, 2017 is announced to be the best year for the industrial sector in terms of offering new spaces. As a result of this development, the stock of industrial and logistic spaces will exceed the 3 million square meters at the end of the year.
"The local real estate market is going through a very good period, with a stable rent level, a slight increase, and a better occupancy rate in all segments of activity. For the next few years, we expect a resumption of development activity in the retail segment in Bucharest, where several pre-development projects are in the north and east of the city, while the industrial sector will continue to expand around the cities that benefit of a developed infrastructure that can attract workforce from other parts of the country,", said Cristi Moga, Research Consultant C&W Echinox. (Source: forbes.ro)
