The total stock of industrial and logistics spaces in Romania could reach the 8 million sq. m threshold at the end of 2025, if the recent annual development pace of ~500,000 sq. m is maintained, Cushman & Wakefield Echinox reports.
As of mid-year, over 7.125 million sq. m were operational nationwide, with more than 50% of these projects being located in the Bucharest – Ilfov and West regions of the country. The least developed regions in this regard are South – East and North – East.
Even though a diversification of destinations driven by the sustained demand from logistics and retail companies, as well as from infrastructure investments, the major regional hubs are Bucharest – Ilfov (49.2%) and the West (14.7%), South – Muntenia (10.6%), Center (9%) and North – West (8.9%) regions.
On the other hand, North – East (3.3% share) and South – East (1.7%) are the least developed regions, as the stock in Chitila (near Bucharest), for example, is comparable to the ones in the abovementioned regions.
The transactional activity remained at a high level, with companies leasing approximately 1.5 million sq. m between 2023 – H1 2024. Given that over 520,000 sq. m of new spaces were built nationwide during the same period, the vacancy rate dropped below 5%.
Bucharest – Ilfov had the highest share in the leasing volume over the past 18 months (48%), followed by the West (20%) and the Center (10%) regions. The largest owners of industrial and logistics spaces are CTP and WDP, which have a cumulative portfolio of almost 5 million sq. m. and control around two-thirds of the market.
