In the first half of the year, companies rented almost 550,000 sqm of logistics and industrial space, over a third representing pre-lease contracts, especially in projects to be delivered in 2024, according to data from real estate consulting company Cushman & Wakefield Echinox.
“The rental activity on the logistics and industrial market remains effervescent this year as well, so we could witness a transaction volume of 1 million sqm by the end of 2023. Romania represents a dynamic and attractive hub for many companies, existing or wishing to expand in the region, for the efficiency of logistics operations. In this context, we are optimistic about the evolution of the market both from the perspective of demand and the development of new logistic and industrial projects,” commented Rodica Târcavu, Partner Industrial Agency Cushman & Wakefield Echinox.
The total modern stock of industrial space reached 6.77 million sqm at the end of June, and the vacancy rate fell slightly to a level of 4.8 percent.
