More than 350,000 sqm in lease deals were signed on the Romanian industrial market in the first six months of the year, up 54 percent from the previous year, according to a new report from JLL. Three projects, totaling 72,000 sqm, were completed since the beginning of the year, and another 312,000 sqm are due to come on-line by the end of the year. Almost 70 percent of the area leased was in Bucharest, while projects in cities like Cluj, Oradea and Timisoara accounted for 10 percent of the take-up. Leases were also signed in Piteşti, Ploieşti, Ramnicu Valcea and Roman. The largest transactions for the six-month period included DSV’s leases at CTPark Bucharest (55,000 sqm) and CTPark km 23 (35,000 sqm) as well as NOD’s contract at CTPark Bucharest West (31,000 sqm). Demand for industrial space exceeded new supply by three times. The country’s modern industrial and logistics supply is currently at 2.7 million sqm.
