Report: Demand for logistics and industrial spaces shows 20% decline YoY in Romania
The demand for logistics and industrial spaces reached 575,000 sqm during the first 9 months of this year, a decrease of 20% compared with the same period of 2023, according to a report by real estate consulting company Cushman & Wakefield…
Radu Dumitrescu · Journalist
· Updated · 2 min read
The demand for logistics and industrial spaces reached 575,000 sqm during the first 9 months of this year, a decrease of 20% compared with the same period of 2023, according to a report by real estate consulting company Cushman & Wakefield Echinox.
The figures for Q3 2024 reveal that 164,000 square meters were contracted, a level comparable to the volume recorded in the same period last year. However, the transactional volume is on a slightly decreasing trend compared with the second quarter when 213,000 square meters were contracted, but also with the first three months of the year when the total volume reached 196,900 square meters.
