Ten years ago, the financial crisis of particular severity brought countless countries into recession, including Romania. In the last decade, Romania's economy has undergone a number of changes, also marking significant progress, including in the real estate sector, whose prospects for the next 10 years offer an attractive risk / reward profile, according to the Colliers International real estate consultancy Romania.
The Romanian logistics and industrial space market reached 3.4 million sqm at the end of the first semester in 2018, compared 3.05 million square meters reached in 2017, according to a study conducted by CBRE.
The local market for industrial and logistics space has reached a new threshold reaching mid-2018 at 3.12 million square meters, with nearly 90% of the current stock concentrated in Bucharest and five other cities, namely Timisoara, Cluj, Ploiesti, Brasov and Pitesti, according to the Romania Industrial & Logistics Market S1 2018 report by Cushman & Wakefield Echinox.
The largest warehouse owner in Romania, CTP, has reached a portfolio of 16 logistics and industrial parks at the local level, with avalue of nearly half a billion euros, according to the company's data.
The local industrial and logistics market has reached a stock of 2.65 million square meters and could reach 3 million by the end of this year, according to Romania Industrial & Logistics Market 2017 report by Cushman & Wakefield equinox.
Business Review’s latest Real Estate Guide reveals that the first semester of 2017 has been a positive one for the local real estate market and the upward trend looks set to maintain for the rest of the year. Through in-depth analyses dedicated to the office, residential, commercial and industrial markets, the guide reviews the main developments on the real estate market, the players’ forecast for the remaining of 2017 as well as new trends taking shape. Business Review looks into the growing popularity of mixed-use projects on the local market and new office trends taking shape in light of shifting work patterns.
The industrial market in Timişoara has registered in 2016 the second highest annual level, with a total volume of major rental transactions of 72,000 sqm, 36 pct up compared to the previous year, shows a study of Active Property Services.
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