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Friday | March 5 | 2021

Developers delivered about 600,000 sq m of industrial space in Romania last year

The developers of industrial and logistics spaces completed last year new projects with an area of about 600,000 square meters, thus maintaining the investment plan announced at the beginning of the year, despite the COVID-19 crisis.

In 2020, most of the projects were developed in Bucharest and the surrounding area, which accumulated almost 80% of the built area, respectively 465,000 square meters.

New project delivered by areas (2020)  
AreaNew projects sqm% in total deliveries
Bucharest (extended area)465,10079.3
Center67,80011.6
West – Northe-West25,0004.3
South-East20,3003.5
South-West8,4001.4
South00.0
East00.0
Total586,600100

Thus, the stock of industrial and logistics spaces in Romania exceeded the threshold of 5 million square meters, reaching 5.05 million square meters, from 4.46 million square meters at the end of 2019.

In regional profile, by far most areas are found in the extended area of ​​Bucharest (over 54% of the national stock), followed by West – North-West (17%), Center (15%), and South (almost 11%).

The rest of the areas account for only 3% of the total stock but offer opportunities for future growth.

New investments in 2021

Despite the pandemic, 2020 was a record year for industrial space transactions. At the national level, over 670,000 square meters of industrial space were leased, increasing by approximately 15% compared to the volume recorded in 2019, in turn, a record year.

Out of the total demand of 670,000 square meters, the net demand represented over 70%, respectively 478,000 square meters.

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