The industrial and logistics market in Romania had a fairly cautious beginning, considering that just over 100,000 square meters were delivered.
For the second half of the year, approximately 450,000 square meters are expected to be completed, with more than half of the planned or under construction projects being located in Bucharest (54%). Outside of Bucharest, Timisoara, Cluj and Ploiesti will attract the largest volume of deliveries.
The study notices a moderate market evolution, both in terms of construction and signed transactions. Demand has a balanced and healthy pace, the industrial sector has an attractive potential and the next 2-3 years.
Demand for logistics and industrial space in Romania was about 120,000 square meters in the first half of the year and was largely represented by new transactions. Bucharest remained the most sought-after destination, considering that about 53% of the volume of the rentals were recorded here.
In the first half of this year, demand came mainly from companies in the logistics, e-commerce and distribution sectors, accounting for around 73% of the total.
The vacancy rate for industrial premises has remained at a low level, about 4%.
Class A rent reference rentals range between 3.75 and 4.25 euro / sq m / month. For units larger than 5,000 sq m, rents are lower and may reach 3.5-3.6 euro / sq m / month. The service charge, which covers property tax, insurance policy, security, technical maintenance and landscaping, varies between 0.6 and 0.9 euro / sq m / month. (source: zf.ro)
