Romania Industrial Marketbeat Q3 2024

The demand for logistics and industrial spaces reached 575,000 sq. m during the first 9 months of this year, a decrease of 20% compared with the same period of 2023, according to the Cushman & Wakefield Echinox real estate consulting company. The new demand accounted for 86% of the transacted volume.

The figures for Q3 2024 reveal that 164,000 square meters were contracted, a level comparable to the level recorded in the same period last year. However, the transacted volume is on a slightly decreasing trend, compared with the second quarter when 213,000 square meters were contracted, but also with the first three months of the year when the total volume reached 196,900 square meters.