Romania Industrial Marketbeat Q3 2025
Bucharest, November 2025: The demand for logistics and industrial spaces reached 750,000 sq. m during the first 9 months of this year, an increase of 30% compared with the same period of 2024, according to the Romania Industrial Marketbeat Q3 2025 report released by the Cushman & Wakefield Echinox real estate consultancy company. If the current pace continues, the total volume for the entire year could once again reach the 1 million square meters threshold, the average of the past five years.
The figures for Q3 2025 reveal that 235,000 square meters were contracted, a level higher than the volume recorded in the same period last year. However, the transactional volume is on a slightly decreasing trend, compared with the second quarter, but also with the first three months of the year when the total volume reached 260,000 square meters/quarter.
Ștefan Surcel, Head of Industrial Agency Cushman & Wakefield Echinox: “Romanian logistics market continues its positive trajectory of the past five years in terms of demand, with an annual transactional volume of around one million square meters. We see a balance between new leases and renewals of the existing contracts, showing that companies are seeking both stability and development opportunities, while paying close attention to cost and logistics efficiency. The Bucharest-Ilfov area still attracts the largest share of demand, but regional cities are becoming increasingly relevant and competitive, which contributes to a growing appetite among developers for these emerging markets.”
The net take-up had a share of 60% in the overall leasing volume in the first 9 months, while in Q3 renewals accounted for 52% of the volume transacted, highlighting the tendency of tenants to carefully evaluate existing options and maximize cost efficiency of a possible relocation.
Bucharest remains the preferred destination for companies in search of industrial and logistics spaces, having a share of almost 75% of the Q1-Q3 transacted volume (560.000 sq. m), while Timisoara (75,100 sq. m), Craiova (16,000 sq. m) and Cluj (15,000 sq. m) have been the most active regional markets.
The two largest transactions concluded in Q3 were both renewals (76,000 sq. m and 27,000 sq. m, respectively) and involving spaces in CTPark Bucharest West near the A1 motorway, the major industrial hub in Romania. These two transactions were brokered by the Cushman & Wakefield Echinox industrial team. The ranking of the largest spaces transacted in Q3 2025 also includes an expansion contract of15,000 sq. m in WDP Park Stefanești and a pre-lease transaction of 14,500 sq. m in Craiova Business Park.
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 across the country in the first 9 months of the year, a level 24 % lower when compared with the same period in 2024, while the current under construction pipeline is of around 412,000 sq . m. Moreover, the nationwide vacancy rate slightly decreased to 5.7% (5.4% in Bucharest).
The prime headline rents in Bucharest and in the main industrial & logistics hubs across the country remained flat, generally ranging between €4.30 – 4.70/sq. m/month in Bucharest, Cluj-Napoca, Timisoara, Brasov, Ploiesti, Pitesti or Sibiu. These levels could see minor upward adjustments in the coming quarters, in a context where both construction costs and land acquisition prices are constantly increasing in all relevant locations in Romania.
