ROMANIA RETAIL Q1 2023
The industrial and logistics market in Romania is currently enjoying its best period in history, both in terms of supply and demand, doubling its total stock during the past five years.
In the first six months of the year, new industrial and logistics spaces with an area of 200,000 square meters were delivered, with Bucharest accounting for 57% of the total (115,000 sq m). With respect to the second part of the year, new projects totaling 300,000 square meters are expected, developers thus maintaining the impressive expansion rate that has been the main characteristic of the industrial and logistics market during the last five years.
Considering the development plans announced by the major players in this market, it is expected that the stock of industrial and logistics spaces in Romania will exceed the threshold of 4 million square meters at the beginning of 2020.