Romania's industrial and logistics sector saw a 27% rise in new supply in 2024, with 572,000 sqm of new spaces completed. The total stock now stands at almost 7.6 million sqm, and over 200,000 sqm are currently under development. according to research by Cushman & Wakefield Exhinox.
Bucharest had the highest share of the newly completed projects in 2024 - 152,500 sqm (27% of the national new supply), followed by Ploiești with 127,200 sqm (22%) and Brașov with 76,600 sqm (13%).
The current under construction pipeline is of around 228,000 sqm, but the agency estimates that the 2025 completions might exceed this level.
Leasing activity also remained strong in 2024, reaching 842,800 sqm. Retail, FMCG, and manufacturing companies were among the most active players in the market.
The prime headline monthly rents in Bucharest and in regional cities have generally remained flat, ranging between €4.20 - 4.70 per sqm in Q4 2024. Moreover, rents are expected to remain relatively unchanged going forward.
Ștefan Surcel, Head of Industrial Agency at Cushman & Wakefield Echinox, said: "Despite a slight rise in vacancy, the outlook for 2025 remains optimistic, as the positive economic evolution, with GDP growth and declining inflation, creates a favorable environment for continued development in this sector."
Looking ahead, VGP, MLP and ELI Parks are some of developers that are working on new warehouses with a combined leasable area close to 90,000 sqm in Bucharest and Arad.
