Avison Young experts estimate that Bucharest will continue to attract over 40% of industrial developments in the coming years, and then regional cities will recover.
The complete rehabilitation of the existing Bucharest Ring Road will make the areas from East and South more attractive, and the construction of the outer belt (A0) will expand the industrial area around Bucharest.
Thus, it is expected that important international developers, who are not currently present in Romania, will enter the market, Avison Young experts say.
For 2021, developers have planned to build over 700,000 sqm of modern logistics and industrial spaces. Also, more than 50% of new developments will take place in the Bucharest area, but also in Timisoara (17%), Craiova (10%), and Bacau (4%). Bacău has been a point of interest for developers for a long time, but 2021 is the first year for which concrete development plans are announced.
Industrial and logistics activity will continue to evolve in the next 5 years, and the stock of modern industrial spaces will exceed 8 million sqm.
