Romanian industrial and logistic market started 2021 on a positive trend

The local industrial and logistic market started 2021 on a positive trend, the transactional volume in the first three months of the year reaching 200,000 square meters.

The volume is double compared to the similar period of the previous year, according to the data analyzed by Cushman & Wakefield Echinox.

Contract renewals represented only 16% of the transactional volume, so demand was primarily driven by new contracts and relocation projects.

More than 40% of the transactions were pre-leased, so the market will continue to grow at a steady pace.

Bucharest attracted almost 60% of the transactional volume, an important activity being observed in Timisoara, Piteşti (10% of the traded volume) or Braşov (7%).

The most important development this year, for now, is the extension by 10,000 square meters of the distribution center owned by Decathlon within the logistics park Ștefănești.

Within the same project, one of the largest transactions of the beginning of the year was signed, eMag leasing 11,000 square meters.

Currently, developers are building new spaces with a total area of ​​over 450,000 square meters.

Bucharest remains the most active market, around the Capital being concentrated about 55% of the new spaces under construction.

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