Romania’s modern industrial and logistics facilities stock reached 5.6 million sqm at the end of 2021, which represents the third largest industrial and logistics market among 15 of the biggest economies in Central and Eastern Europe (CEE).
The local industrial stock is set to exceed 6 million sqm by the end of the year, considering the deliveries in the first semester and the projects under construction that total 470,000 sqm, according to real estate consultancy Colliers.
“Apart from the traditional demand for larger formats, Small Business Units (SBU) and Last Mile Logistics (LML) are becoming more attractive. The truly modern stock in Romania is limited and only in recent years has shown some signs of more robust growth down the line. When looking strictly at SBUs, there are only a handful of modern schemes worth looking at and these will serve as a testing ground to see if there is potential. Last-mile projects have also started developing faster only more recently,” said Victor Coșconel, Head of Leasing | Office & Industrial Agencies at Colliers.
Across the CEE-15 area, the total industrial stock exceeds 50 million sqm, of which 20 million sqm is based around 15 capital cities. Poland is leading the region with a total stock of around 25 million sqm.