IPSO Agricultură's strategic move in SPACEPLUS Chitila
In a significant transaction reflecting the dynamic nature of Romania's commercial property market, IPSO Agricultură, a leading distributor of agricultural equipment, has secured a 2,300 square meter lease within SPACEPLUS Chitila.
This modern facility, owned by Speedwell, includes essential office space, catering to the comprehensive needs of businesses requiring both storage and administrative functions.
The deal was expertly facilitated by the consulting firm Griffes, through their representative Andreea Păun, highlighting the importance of professional brokerage in a competitive market.
Understanding Romania's persistent logistics space deficit
Despite continuous demand fueled by critical sectors such as logistics and production, Romania is currently grappling with an approximate 2 million square meter structural deficit of modern logistics spaces. This shortage is particularly acute for small and medium-sized enterprises (SMEs) and in the rapidly expanding last-mile delivery operations, where the supply remains significantly underdeveloped.
This challenge is further emphasized when looking at urban logistics spaces, which account for only 1% of the total national industrial and logistics stock. This percentage is notably lower when compared to more mature Central and Eastern European markets like Poland, indicating substantial room for growth and investment in this specific segment.
Current market dynamics: stock, construction, and robust activity
As of mid-2025, the total stock of modern industrial spaces in Romania had reached an impressive 7.75 million square meters. The first half of the year saw approximately 184,000 square meters delivered, with an additional 367,000 square meters currently under construction, signaling continued expansion.
The market's vacancy rate experienced a slight uptick, reaching 5.8%. However, a short-term decrease is anticipated due to a reduced number of speculative projects, suggesting that demand continues to outstrip immediately available supply. Leasing activity remained exceptionally strong, with an absorption of 514,400 square meters in the first half of 2025. This represents a remarkable 25% increase compared to the same period of the previous year, primarily driven by heightened demand in Romania’s main logistics and industrial hubs. Notably, net absorption accounted for 66% of the total transacted volume, underscoring genuine business expansion and new market entries.
Opportunities for businesses in a growing market
For businesses seeking office or warehouse space in Romania, the current market presents a unique landscape. While the supply deficit may mean increased competition for prime locations, the robust leasing activity and ongoing construction indicate a dynamic environment with significant growth potential.
The strong net absorption figures suggest that companies are actively committing to new spaces, driven by strategic expansion and operational needs. Businesses, especially SMEs and those involved in last-mile delivery, should consider proactive engagement with real estate consultants to navigate the competitive landscape and identify upcoming opportunities or tailor-made solutions like build-to-suit projects.
Source: forbes.ro