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Nearly 90% of companies active on the logistics and industrial market in Romania want to ramp up e-commerce

More than 8 out of 10 industrial & logistics companies want to accelerate investments in next 12 months or to keep them similar to recent years, according to a survey conducted by Colliers International among 26 top developers and tenants in the Romanian market. Furthermore, nearly 90% of respondents with online presence want to ramp up e-commerce, especially since there is significant room to grow in this market segment. Romania’s modern industrial and logistics facilities stock reached 4.72 million square meters at the end of the first half of the “pandemic year”, which represents over 9% of the total stock in 17 of the biggest CEE economies, according to Colliers International’s exCEEding Borders report, developed in partnership with international law firm CMS and Randstad.

Uncertainties and the overall recession climate have also impacted I&L market participants, though not nearly as much as other sectors of the economy. Despite the overall recession climate, 54% of respondents consider their business pretty much as usual, with initial plans for 2020 not being affected, while the rest have seen their plans affected. The impacting factors are mainly related to „minor restrictions” and „lower demand”, according to over half of the participants to Colliers’ survey. Just 1 in 5 reported temporarily halted production, which may be the most negative response possible.

The I&L real estate segment is probably the best performing real estate sector coming out of this crisis, as the latest events only exacerbated past trends which were already quite favorable in the longer run, like a shift to e-commerce and the consolidation and relocation of production activities in the Eurozone. The answers we received for the I&L sector offer a quite rosy long-term outlook, but also the need to differentiate from sector to sector. This is in tune with the so-called K-shaped recovery, which states that some sectors, like retail, including e-commerce, are likely to recover much sooner than others, like some manufacturing branches. Overall, the main sticking point for us is the fact that for the vast majority of our respondents, despite the general uncertain backdrop, it is almost business as usual – with investments either continuing at a similar pace to recent years or even accelerating”, says Laurențiu Duică, Partner & Head of Industrial Agency at Colliers International.

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