Romania’s total stock of modern industrial and logistics spaces at the end of 2014 continues to be of 1.8 million sq. m. Bucharest accounts for 53%, with 950,000 sq. m. New supply was minimum and was recorded mostly outside Bucharest. For this year, we expect the delivery of ~ 220,000 sq. m, which will boost the stock of modern industrial spaces by 12%.
Last year a record level of take-up was registered, with 209,000 sq. m transacted. Compared with 2013, take-up figure has increased by 37%, being also the highest in the last five years. Another 97,000 sq. m of industrial and logistics spaces were subject to renegotiation and renewal. The most active companies were from automotive sector, followed by logistics & distribution, retail and manufacturing & industry.
Source : DTZ