ROMANIA INDUSTRIAL Q1 2023

The demand for industrial and logistics spaces remains relatively strong at the beginning of the year, even in a context characterized by high inflation and interest rates, decelerating consumer demand and economic overall uncertainly The total take up for Q 1 2023 was of around 331,100 sq.m, up from 305,000 sq.m registered in the same period of last year. The overall leasing activity was mainly driven by the new demand, accounting for a robust share of
60% (198,000 sq m) in the Q 1 2023 gross take up Moreover, the pre lease contracts signed in Q 1 2023 amounted to over 50% of the new demand, mainly related to projects due to be delivered in 2024.