The total number of rental transactions on the logistics and industrial space market exceeded, for the first time, 1 million sqm in Romania, in 2022, increasing by 31 percent compared to the value in 2021, according to the CBRE Romania – “Market Outlook 2023” report.
As for the forecasts for 2023, they show an upward trend, when approximately 550,000 sqm will be added to the modern stock of industrial spaces in Romania and, thus, a new milestone of 7 million sqm will be exceeded by the end of the year.
“2023 will be an interesting year, in which we expect retailers and e-commerce to maintain their pace. In a year in which we estimate that another 550,000 sqm will be added to the stock of modern industrial and logistics spaces, the market will seek to benefit from Romania’s strong positioning both for the nearshoring strategy of many manufacturing companies and for local and regional distribution in CEE,” said Victor Răchită, head of the Industrial & Logistics department at CBRE Romania.
Source: Economica.net
