"Nearly 90% of the current stock is concentrated in Bucharest and five other cities, namely Timisoara, Cluj, Ploiesti, Brasov and Pitesti. Sibiu, Oradea and Arad are other markets that have attracted the attention of the developers of industrial and logistics spaces, while the region Moldova was avoided by most investors due to the underdeveloped infrastructure", the document states.
According to the source, out of a new stock of about 450,000 square meters proposed for delivery in 2017, Bucharest will attract 56%, Timisoara 14%, and Pitesti 9%.
"The logistics and industrial market is in a stage of effervescent development, both in terms of demand and supply. The year 2017 continued the trend in 2016, marking a new record of both deliveries and transactions, with a volume of more than 300,000 square meters in the first half of the year, and we are confident that this trend will continue in the next 2-3 years", said Rodica Tarcavu, partner, Industrial Agency, Cushman & Wakefield Echinox.
The report also shows that, on the background of rising demand, the vacancy rate for industrial premises has dropped to 4% at the national level, while in Bucharest the vacancy rate is 3%, taking into account that developers no longer have large spaces available for rent. In the first half of this year, demand came mainly from the retail and e-commerce sectors (35%), and logistics and distribution (33%).
In the last year, the rents requested went up slightly between 3.95 and 4.25 euro / sq m / month in Bucharest, between 3.5 and 3.8 euro / sq m / month in Cluj and between 3.4 and 3 , 7 euro / sq m / month in Timisoara. (Source: agerpres.ro)
