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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Companies lease more logistics spaces in Romania in 2020

The volume of industrial spaces rented in Romania (mostly new leases, as opposed to renewals) rose by over one third to more than 650,000 sqm in 2020, from 475,000 sqm in 2019, according to Dunwell, the only local real estate broker specialized exclusively on industrial.

The top industries regarding the rented surfaces were FMCG – 38% of the market share (boosted last year by the growth of online commerce), logistics (15% of the transactions), and retail (13% of all rented surfaces). Production and pharma follow in line.

Most of the contracts were signed for projects around Bucharest, followed by Timisoara, also a major logistics hub, and Craiova, which was last year's surprise.

The most active developers working with the real estate agencies were WDP, with leases totaling 162.640 sqm, followed close behind by CTP (154.044 sqm) and P3 (133.450 sqm).

"In March […], 2020 seemed to be a lost year in terms of business. However, for the industrial segment, it eventually turned out to be rather beneficial and quite active. The market has boasted amazing growth of almost 40%, and the majority of the transactions were new leases (52%), followed by renewals or renegotiations and pre-leases. This is a very positive sign for the manufacturers and distributors in FMCG and retail, first of all," commented Marian Orzu, Managing Partner Dunwell Industrial Brokerage.

(Photo: Pixabay)

andrei@romania-insider.com

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Companies lease more logistics spaces in Romania in 2020

The volume of industrial spaces rented in Romania (mostly new leases, as opposed to renewals) rose by over one third to more than 650,000 sqm in 2020, from 475,000 sqm in 2019, according to Dunwell, the only local real estate broker specialized exclusively on industrial.

The top industries regarding the rented surfaces were FMCG – 38% of the market share (boosted last year by the growth of online commerce), logistics (15% of the transactions), and retail (13% of all rented surfaces). Production and pharma follow in line.

Most of the contracts were signed for projects around Bucharest, followed by Timisoara, also a major logistics hub, and Craiova, which was last year's surprise.

The most active developers working with the real estate agencies were WDP, with leases totaling 162.640 sqm, followed close behind by CTP (154.044 sqm) and P3 (133.450 sqm).

"In March […], 2020 seemed to be a lost year in terms of business. However, for the industrial segment, it eventually turned out to be rather beneficial and quite active. The market has boasted amazing growth of almost 40%, and the majority of the transactions were new leases (52%), followed by renewals or renegotiations and pre-leases. This is a very positive sign for the manufacturers and distributors in FMCG and retail, first of all," commented Marian Orzu, Managing Partner Dunwell Industrial Brokerage.

(Photo: Pixabay)

andrei@romania-insider.com

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