According to the data announced by the developers, over 900,000 square meters of modern spaces would be completed this year, of which about half represent industrial and logistics projects.
The stock of industrial and logistics spaces in Romania will thus rise to 4.2 - 4.25 million square meters, an increase of over 10% compared to 2018. At mid-year, the stock exceeded the threshold of 4 million square meters, of which over 2 million square meters are located in Bucharest.
The development activity in this sector is encouraged by the evolution of the demand of the last three years, between 2016 and June 2019 being contracted over 1.7 million square meters of industrial and logistics spaces. For comparison, between 2011 and 2015, about 1.2 million square meters of industrial and logistic spaces were rented in Romania.
For the whole of 2019, approximately 400,000 square meters of industrial and logistic spaces are expected to be completed. However, considering that 180,700 square meters have already been delivered in the first semester and almost 230,000 square meters are under construction, the deliveries will be more than 400,000 square meters initially estimated.
Due to the strong demand and the very low weight of speculative projects, the unemployment rate remained at 6%. (source: forbes.ro)