Construction Insights for Global Occupiers
The total industrial & logistics in Romania stock reached 7.71 million sq. m at the end of Q1, as developers completed new projects with a leasable area of 142,000 sq. m across the country in the first quarter, while the current under construction pipeline is of approximately 345,000 sq. m. The nationwide vacancy rate increased to a level of 5.6%, but a downward movement is expected in the coming quarters due to the relatively low number of speculative projects under construction.
