2022 could set a new transactional record for Romanian logistic market

The leasing of industrial and logistics spaces increased by 50% in the first quarter of 2022 compared with the same period of last year, exceeding the 300,000 square meter threshold, according to Cushman & Wakefield Echinox.

More than 85% of the transactional volume between January and March 2022 pertained to new spaces and only 15% represented renewal of existing contracts.

Retail and e-commerce companies have been the most active, with 35% of the total leased space, followed by logistics and distribution and automotive with shares of 15% and 10% respectively.

It should be noted that demand in Q1 was no longer concentrated mostly around the capital, which has traditionally attracted over 50% of the transacted volume.

On this occasion, Bucharest had a share of 35% of the total demand, 29% of the leased area being in projects in Ploiești, 8.3% in Slatina and 8% in Arad.

Almost 180,000 square meters of new spaces were delivered in Q1, a significant increase compared with Q1 2021 when only 30,000 square meters were completed.

CTP, WDP and Globalworth-Global Vision delivered the most important projects in the analyzed interval, in Bucharest, Călan (Hunedoara county), Slatina and Constanța.

MUST READ: Romanian logistics market had its best period during the pandemic

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