ROMANIA INDUSTRIAL MARKETBEAT Q1 2021

The demand for logistics space remained consistent in Q1 2021, with a total leasing activity of almost 200,000 sq. m, more than double when compared to Q1 2020, as the positive trend observed during the Covid-19 pandemic went forward to 2021 as well. Renewals represent only 16% out of the quarterly volume transacted and the most significant deals signed in Q1 2021 are pre-leases (more than 40% market share).