Thanks to continuous investments and complex strategies, Romania’s industrial and logistic spaces witnessed a significant increase.
At the end of 2019, Romania was able to pride itself on having 4.6 million sqm of modern industrial and logistic facilities, with an increase of 10% compared to the previous year. Even more, the evolution is evident, considering a record increase of 50% over the last three years.
Consequently, experts agree there is still room to grow: ‘We see a lot of potential for expansion for the industrial and logistic real estate sub-market, especially if major infrastructure works are to be delivered in the coming years, with automotive and retail being the most active drivers of demand’, according to a Partner & Head of the Industrial Agency at Colliers International, Laurențiu Duică.
Duică also believes that ‘new and more restrictive EU rules regarding transportation’ will be responsible for an increased need of regional storage hubs.
Most of the demand for logistics and industrial spaces in 2019 was generated by the automotive industry, with 141,000 sqm, followed by retail. This being said, Pirelli’s new logistic facility, located in the city of Slatina (between Pitești and Craiova), was the most important development, taking almost half of the total area reserved for automotive (62,000 sqm).
Overall, Bucharest and Slatina took up most of the demand for industrial and logistic spaces in 2019, followed by Timișoara and Sibiu.