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Romania Industrial Market Figures Q3 2023

Modern industrial stock in Romania reached at the end of 03 2023 at 7.02 min. sq m, overpassing a new milestone of development.

October 18, 2023 2 Minute Read

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During Q3 2023, circa 85,000 sq m were delivered throughout the country in four projects, and circa 287,000 industrial and logistic sq m were under construction nationwide and are expected to be delivered by the end of the year.

 

A total of 126,000 sq m of industrial and logistics spaces were leased in Romania during the third quarter of the year, a value 66% lower compared with the same period of 2022 and 49% less than 02 2023.

 

Take-up (total leasing activity excluding renewal and renegotiations) represented 85% of the total leasing activity (TLA), and more than half of the TLA was transacted in Bucharest.

 

From the beginning of the year, the commercial terms of the industrial & logistics premises slightly changed, and the prime rent in Bucharest increased.