The market is set to remain vibrant through 2018, though based on current plans from developers, we could see the vacancy rate coming under some upside pressures.
The gross leasing activity of storage spaces reached 430,000 sqm in the first three quarters of 2017, with deliveries of class A warehouses likely surpassing the half a million mark for the whole year (a record result). As such, overall vacancy remained subdued, below 5% nationwide.
Before joining Colliers mid-2017 as Head of Research for Romania, Silviu Pop worked with ING Bank for close to three years as an economist, covering macroeconomic/financial market themes for Romania, Bulgaria, Serbia and Croatia. His previous professional experience includes working almost 7 years as a financial journalist at various media outlets in Romania, including the sole business-oriented TV station in Romania, where he hosted a daily show for a period of time; during this interval, he won a number of scholarships, including a stint with Reuters. He holds a BSc in economics at the Bucharest University of Economic Studies.
