The industrial and logistics market registered a new record year both in terms of supply and demand, with development being concentrated in the Bucharest – Ilfov and West regions. However, other areas have also benefited from consistent investments in such projects in the last few years, with demand being mainly driven by logistics and retail companies.
After the recent construction works start at the Ploiești and Bucharest projects, ELI Parks announces a new logistic park in Oradea, successfully continuing its national development strategy.
2022 ended with solid activity levels for industrial and logistics, with some 830,000 square meters of leasing deals closed, significantly up from 675,000 square meters the previous year, according to the annual report released by Colliers, with the note that probably none of these results reflect the true depth of the local market, because the only information included is publicly available (either deals reported by the local research forum or deals communicated via press releases or in reports for investors in the case of listed companies).
Record – a single word can describe the performance of the Industrial and Logistics (I&L) market in Romania in 2022, the best year ever recorded by logistics players.
Gebrüder Weiss Romania, one of the main players of the local transport and logistics solutions market, announces the completion of the investment in the expansion of the logistics hub in Sibiu. This project required funds of 3.4 million euros, the new area added being already integrated into the company’s operations.
ELI Parks continues the development of the hub in the Northwest of Bucharest – the Buftea Chitila area – and in the vicinity of the future A0 ring road, with two new projects, ELI Park 4 and ELI Park 3.3, with a total area of 42,000 sqm.
The increase of labor, real estate and energy costs places Romania on the 8th position in terms of the most attractive manufacturing markets in Europe, after countries such as the Czech Republic, Poland, Hungary or Portugal, while also being ranked 22st globally, according to the Manufacturing Risk Index 2022 study, performed by the Cushman & Wakefield real estate consultancy company.
The number of international retailers that chose to implement and consolidate logistics hubs in our country is on an upward trend, setting 2022 on a course to reach the highest record in history for the industrial segment and the trend will continue next year, according to CBRE Romania.
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