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ROMANIA INDUSTRIAL MARKETBEAT Q4 2020

The demand for logistics space reached a new quarterly record in Q4 2020, with a total leasing activity of almost 413,000 sq. m, up 45% when compared to Q3 2020 and more than double compared to the same period last year. The transactional volume for 2020 reached 994,000 sq. m, reflecting a 109% growth.

Consistent pipeline

The pipeline for 2021 is consistent, as developers currently have under construction new projects with a total area of 440,000 sq.m in various cities.

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OTHER INSIGHTS

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The total modern stock of industrial & logistics spaces in Romania was of almost 7.78 million sq. m at the end of Q3, as developers completed new projects with a leasable area of 209,300 sq. m acr...

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