Romania Market Update 2024
The leasing activity on the industrial and logistics property market registered another strong quarter in Q2 2023, with a gross take-up of over 215,000 sq. m, bringing the transactional volume for the first half of the year at 547,000 sq. m, corresponding to a slight growth when compared with H1 2022. The new demand continues to be the main driver of the leasing market, with a share of 90% out of the Q2 2023 gross take-up and 72% overall in H1 2023. Moreover, the pre-lease agreements signed in H1 2023 amounted to over 40% of the net take-up, a demand which will be mainly accommodated in the projects planned to be delivered during 2024.
