The third quarter brought an increased activity on the industrial spaces sector, where retail and related services companies, respectively courier and logistics, rented over 300,000 sqm, having a share of 50% of total transactions, double compared to 2015, the report CBRE Market Snapshot Q3 shows.
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.
In July, the indicator for the volume of industrial output reached 57 points compared to 56 in June and is now at the level of the average recorded in the last 21 months (57), according to the Industrial Barometer made by IRSOP & SNSPA Management Faculty. The latest value of the indicator reflects a relatively constant increase of only 7 points over the threshold of 50 which separates expansion from contraction.
Romania’s factoring market grew last year by 35% to EUR 3.65 billion, supported mainly by small and medium-sized companies with up to EUR 5 million in revenues.
Life on the real estate market in Romania is improving. If October was dedicated to the residential segment, November covers the commercial and investment. The last edition of Foreign Investment Summit, organized by Business Review, gave us access to information provided by a part of the market dealing with these latter segments.
European commercial real estate markets saw further yield contraction in Q3 2015 across all property sectors, reflecting growing investor demand and very low bond yields, according to the EMEA Prime Rents and Yields survey from global property advisor CBRE.
Both the development and take-up of industrial parks in Central Europe is continuing and slightly accelerating in comparison with last year, according to research from Cushman & Wakefield.
E-commerce in Europe will double in the next five years, affecting supply chains, facilities and talent that support the critical functions of e-fulfilment and logistics.
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