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News from Members C&W Echinox: The total industrial & logistics stock exceeded the 3 million sq m threshold

C&W Echinox: The total industrial & logistics stock exceeded the 3 million sq m threshold

by Cushman & Wakefield Echinox August 14, 2018

The local industrial and logistics stock exceeded the 3 million sq m threshold, reaching 3.12 million sq. m at the end of H1 2018, according to Romania's Industrial & Logistics Market H1 2018 report by Cushman & Wakefield Echinox.


Almost 90% of the current stock is concentrated in Bucharest and in five other cities - Timisoara, Cluj-Napoca, Ploiesti, Brasov and Pitesti.
The industrial and logistics market in Romania had a fairly cautious start, considering that only little over 100,000 square meters were delivered. For the second half of the year, approximately 450,000 square meters are expected to be completed, more than half of the projects planned or under construction being located in Bucharest (54%). Outside the capital, Timisoara, Cluj-Napoca and Ploiesti will attract the largest volume of deliveries.



Rodica Tarcavu, Partner, Industrial Agency, Cushman & Wakefield Echinox: „We observe a temperate market evolution, both in terms of constructions and transactions. We will probably see some particular large retailers’ consolidations, along with the transfer of tenants to their own developments, all these operations being carefully analyzed, planned ahead and correlated with the main consumption indicators and the future growth estimations of those businesses. Demand has a balanced and healthy pace, with the industrial sector having an attractive potential for the next 2-3 years.”


The industrial & logistics demand in H1 2018 in Romania was of almost 120,000 sq m and it was largely represented by new transactions. Bucharest remained the most wanted destination, considering that about 53% of the rental volume was recorded here.

In H1, demand came mainly from companies belonging to the logistics, e-commerce and distribution sectors - accounting for approximately 73% of the total.

The vacancy rate for industrial properties remained at a low level, approximately 4%.

Headline rents for Class A units vary between 3.75 and 4.25 euros/sq m/month. For units larger than 5,000 sq m, rental rates are lower at circa 3.5-3.6 euros/sq m/month. The service charge, which covers property tax, insurance policy, security, technical maintenance and the landscaping of exterior spaces, varies between 0.6 and 0.9 euros/sq m/month.

Cushman & Wakefield Echinox is a top real estate consulting firm on the local market, active on real estate market sectors. The firm’s Capital Markets department was involved in Romanian real estate transactions of over 300 million euros in 2017.
Cushman & Wakefield Echinox is the exclusive affiliate of Cushman & Wakefield in Romania, owned and operated independently. With a team of over 50 professionals and collaborators, offers a full range of services to investors, developers, owners and tenants across all segments of the real estate market, including the residential market. For more information, visit our website cwechinox.com

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. Find out more on www.cushmanwakefield.com

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