The I&L real estate segment is probably the least impacted of the current crisis, as the latest events only exacerbated past trends which were already quite favourable in the longer run, like a shift to e-commerce and re-shoring (likely to be felt over the medium term). Together with Romania’s structural undersupply, things look bright when looking past the short-term noise. The 26 top developers and tenants which took part in our survey between 23rd of September and 3rd of October incapsulate such views.
Uncertainties and the overall recession climate have negatively impacted I&L market participants, though not nearly as much as other sectors of the economy. So, while for about 46% of respondents 2020 looks worse than planned, for the rest, it is pretty much business as usual (which is quite positive given Romania’s dynamics) or above-plan results.