A significant share of new developments occurred outside Bucharest, signalling market expansion towards cities and regions with better labour availability and competitive costs. "This trend has attracted both established developers and new entrants," notes Victor Coșconel, Partner and Head of Leasing at Colliers.
Demand reached record levels with publicly announced leasing transactions of nearly 1 million sqm, compared to around 600,000 sqm in 2024. This volume exceeds the 2017-2019 annual average and confirms local market maturation. Colliers emphasises these figures include only publicly announced transactions, meaning actual demand is likely higher given unreported direct transactions.
Leasing activity concentrated primarily in Bucharest, where companies such as LPP, Action and Aquila signed major transactions in the northern and western areas, together accounting for almost a quarter of total 2025 demand. Most transactions came from logistics and retail sectors, generating at least two thirds of total demand. Manufacturing space accounted for around 11%, considered a temporary decline due to project postponements and companies preferring to own their facilities.
Rents stabilised in 2025, with built-to-suit warehouses in prime locations leasing at €4.5-5 per sqm in Bucharest and main cities. The vacancy rate remains low at around 5% nationwide. Romania's industrial stock remains undersized compared to other CEE-based markets relative to consumption and foreign trade levels, supporting medium and long-term growth prospects.
