The office developments are followed in the top of the developers’ preferences by the retail projects and the logistics and industrial projects. The record deliveries scheduled for next year for all the market’s segments show a recovery of the investors’ confidence in the profit making potential of Romania, as well as of the final consumers and companies, according to a JLL study.

There is also a reverse of the real estate development activity growth on some segments, namely a growing vacancy rate and pressure on rents, in the conditions the market will balance in favour of the tenants.

By the end of this year are scheduled for completion logistics and industrial project of 15,000 sq. m, so the total modern stock is nearly 2 million sq. m, while approx. 195,000 sq. m will be delivered in 2016.

"Even if we see an increase logistics and industrial projects development, investors still remain cautious on the logistics, so that most of the spaces will be built under pre-lease agreements; most projects are extensions of the already existing major parks, which also shows a cautious approach of the developers, who prefer construction in phases. Regarding industrial production spaces, developers are choosing investment destinations based on the availability and cost of labour required by companies renting the spaces ", says Cristina Pop, Head of Industrial Agency JLL. (source: profit.ro)