Romania’s total stock of modern industrial and logistics space stood at 7.1 million sqm as of the end of 2023, representing the third largest specific market in 13 of the largest Central and Eastern European economies, shows the report ExCEEding Borders | Navigating the Industrial Landscape and Workforce in CEE-13 released by real estate consulting company Colliers.

Also, developers have over 500,000 square meters of modern spaces under construction.

In addition to infrastructure improvements and the still insufficient supply compared to the rapid growth of the economy, Colliers consultants attribute the strong growth of the market to Romania’s role as a regional distribution hub for companies targeting Southeast Europe.

Although logistics activities remain dominant, the manufacturing sector is also witnessing an increase in leasing.

„Romania’s industrial property market has grown significantly after the pandemic, with rental levels almost doubling from before 2020. Economic growth, infrastructure improvement and reshoring are key factors in this dynamic. Given the reduced supply of modern space per capita compared to the Czech Republic or Poland, Romania has a strong growth potential. Investments in green buildings and compliance with ESG standards are on the rise, one out of three green certificates in 2023 being attributed to industrial projects, in line with EU directives and tenants’ expectations,” explains Victor Cosconel, Colliers Head of Leasing, Office & Industrial Agencies.

Colliers International Group Inc. is a leading real estate professional services and investment management company with operations in 68 countries, annual revenues of $4.3 billion and assets under management of $96 billion.

AGERPRES