Yields have remained high since the pre-crisis period (7% for offices, 6.75% for retail and 8% for industrial) and are unlikely to change in the short to medium term.

With over 250,000 new industrial spaces delivered so far this year, it is expected that, by the end of 2020, the industrial stock in Romania will reach 5 million sqm. Against the background of the COVID-19 crisis, the industrial and logistics space market registered a significant growth, with a level of demand 50% higher than in 2019, of 388,000 sqm.

The development of e-commerce and strategic industries such as the production of medical equipment, but also the growing need for urban logistics centers, have contributed to increasing the demand for industrial space. Also, this year there was a high demand from local companies for smaller spaces. Although the impact of the health crisis on the industrial sector has been positive, the growth rate will slow slightly in the next period, while maintaining an upward trend.

According to the Crosspoint Real Estate analysis, the current situation has also created new opportunities for the industrial market in Central and Eastern Europe, where possible infrastructure investments could facilitate the relocation of production centers in Asia. (source: Crosspoint)