Romania’s modern industrial and logistic facilities reached 4.72 million square meters at the end of the first half of the “pandemic year”, up by 5% compared to the corresponding period of 2019. This represents over 9% of the stock figure for the biggest 17 CEE economies, and though it could exceed 5 million sqm by the end of 2020, there is still signficant room to grow, according to Colliers International’s exCEEding Borders report.
Romania’s stock of modern industrial and logistic spaces has grown threefold since 2015, but there is still a significant gap between Romania and other CEE markets. In the Czech Republic, modern industrial and logistic spaces are at roughly 9 million square meters, while in Poland are around 19,6 million square meters. This means that on a per capita basis, Romania’s stock of modern storages is 4x below Czechia’s and 2x below Poland’s.
“The Romanian industrial and logistic market has been arguably one of the most dynamic in Europe, although growing from a fairly small level. Over a longer term, the relative under-supply of industrial and logistic space in Romania on a per capita basis supports strong growth in the subsequent decade. Regarding the second half of this year, demand, vacancy level and rental rates are expected to remain stable. An increase in vacancy could be noted in the Bucharest market, offering more options for tenants active in this market, both in terms of rental fees and locations”, says Laurențiu Duică, Partner & Head of Industrial Agency at Colliers International.
