The Bucharest industrial market continues to be impacted by the persistent caution of many logistic space users, which has translated into a higher number of short-term leases (1‒12 months), with almost 30,000 sq m transacted in this range. Although these transactions are not taken into account in terms of vacancy rate research, they are indicative of the current market conditions.
In 2013, activity throughout the rest of the country exceeded that in Bucharest and focused mainly on production facilities. This trend is expected to continue in 2014. Existing hubs like Ploiesti, Timisoara/Arad, Pitesti and Cluj/Turda will develop further, while new industrial hubs will continue to emerge in locations such as Iasi. The Bacau/Roman and Craiova regions are expected to see increased interest in the coming years. Nevertheless, future industrial growth continues to be strongly linked to road infrastructure development.
