Despite the pandemic, 2020 was a record year for industrial space transactions. At the national level, over 670,000 sqm of industrial space were traded, increasing by approximately 15% compared to the volume recorded in 2019. This year the projects announced by the developers remain at a level comparable to 2020, respectively almost 590,000 sqm.
“The industrial space market has kept its dynamism from previous years, and in 2020 we even saw more activity. The record set by the demand last year encouraged developers to continue investing, so that by 2021 the projects announced by them remain at a comparable level to that of 2020, respectively almost 590,000 sqm, which encourages us to say that this year will be a good one for this segment of the real estate market “, said Viorel Opaiț, Business Development Director, JLL Romania.
Thus, the stock of industrial and logistics spaces in Romania reached 5.05 million sqm in 2020, from 4.46 million sqm in 2019.
