Home | Insights | ROMANIA INDUSTRIAL MARKETBEAT Q4 2021

ROMANIA INDUSTRIAL MARKETBEAT Q4 2021

The demand for industrial and logistics spaces reached a new record level in Q4 2021, with a total leasing activity of 441,000 sq. m, up 46% when compared with Q3 2021 and slightly higher compared with the same period of last year. Overall, the leasing activity in 2021 has exceeded the 1 million sq. m threshold for the first time in the market’s history. Amongst the most significant transactions signed in Q4 2021 were the ~50,000 sq. m renewal and expansion deal closed by CTP with Network One Distribution in CTPark Bucharest West, Inteva’s 25,000 sq. m renewal in CTPark Salonta, Mobexpert’s 24,000 sq. m new lease in CTPark Bucharest North and Elbi’s 16,000 sq.m new lease in P3 Bucharest A1. Bucharest attracted 70% of the transactions signed in Q4 2021 and 67% of the annual volume, while Timisoara, Brasov and Oradea (Salonta) have also been dynamic markets both in Q4 and throughout the year.

OTHER POSTS

Bucharest metro traffic doubled in March after the pandemic related restrictions were lifted; employees are gradually returning to the office

Read more

More than 72,000 dwellings were delivered in 2021 in Romania, a record level since 1989; Increased pressure in 2022 due to the many uncertainties which may reduce both deliveries and transactional volumes

Read more