By mid-2024, over 7.12 million sqm were operational nationwide, with more than 50% of these projects being located in the Bucharest - Ilfov and West regions of the country. On the other hand, North – East and South – East Romania are the least developed areas from an industrial perspective.
“This real estate segment has been having a significant contribution towards the performance of champion areas in terms of business and foreign investment generation, providing the necessary infrastructure for numerous such developments,” says Vlad Săftoiu, Head of Research at Cushman & Wakefield Echinox.
The transactional activity remained at a high level, with companies leasing approximately 1.5 million sqm between 2023 - H1 2024.
Considering that over 520,000 sqm of new spaces were built nationwide during the same period, the vacancy rate dropped below 5%, thus offering development opportunities even in areas with a reduced modern industrial and logistics stock.
