The industrial and logistics market had a promising start of the year, with almost 260,000 sq. m being leased in Q1 2025, corresponding to a robust 31% y-o-y increase, according to a Cushman & Wakefield Echinox report.
Another positive sign was related to the increase of the net take-up share in the overall leasing volume, to a level of 70% (181,000 sq. m) in the first quarter of this year, compared with 59% in the first quarter of 2024 and vs 62% in Q4 2024.
Bucharest had a dominant 65% share in the total Q1 demand, followed by Timisoara with 12%, these cities also being the largest industrial and logistics destinations in Romania. The total industrial and logistics stock in Romania reached 7.71 million sq. m at the end of Q1, a quarter when developers completed new projects with a leasable area of 142,000 sq. m across the country.
In terms of supply, Bucharest benefited from the completion of new projects totaling approximately 50,000 sq. m, while other important deliveries were noted in cities such as Pitesti (22,000 sq. m), Timisoara and Brasov (12,000 sq. m each) or Baia Mare (11,000 sq. m).
The industrial and logistics stock in the country is very likely to reach the 8 million sq. m threshold by the end of the year, given that the current under construction pipeline is of approximately 345,000 sq. m. New projects of more than 230,000 sq. m are under development around Bucharest, as the total stock in the capital city is rapidly approaching the 4 million sq. m benchmark.
Delamode’s renegotiation and expansion in CTPark Bucharest (31,000 sq. m in total), was the largest transaction signed in Q1 2025. LPP also expanded its footprint in CTPark Bucharest West with an extra 23,000 sq. m, while the Dutch company NRF leased 20,100 sq. m in MLP Bucharest West.
SEE ALSO | 90% of Romania’s industrial and logistics stock is located in eight cities
Articolul Strong first quarter of the year for the industrial and logistics market a fost publicat prima dată în Money Buzz! • Știri Economice, Știri Financiare, Știri Business