In a significant development within Romania’s logistics and supply chain landscape, the country’s industrial and logistics spaces achieved a noteworthy milestone by the end of 2023. This achievement underscores the increasing importance of Romania’s logistics infrastructure.
A substantial portion of these industrial and logistics spaces is strategically concentrated in key regions, including Bucharest-Ilfov, the West, and South-Muntenia. This concentration highlights the significance of these areas as logistics hubs facilitating efficient supply chain operations.
Looking ahead, developers are gearing up to deliver additional space in the coming year. Leading this expansion is Bucharest-Ilfov, closely followed by the West and Central regions. This surge in development aligns with the growing demand for logistics and distribution facilities across Romania.
Despite a notable year-on-year decrease in delivered projects, this decline is primarily attributed to reduced speculative development. Nevertheless, the total annual take-up indicates a robust demand for logistics space.
In 2023, new demand accounted for a substantial portion of the gross take-up, reflecting the evolving dynamics of logistics and supply chain requirements.
Furthermore, prime headline rents witnessed a modest increase, with experts projecting a continued upward trend in the near future. This resilience and attractiveness to investors and businesses operating in the logistics and supply chain sector reflect the overall strength of the industry.
In summary, Romania’s industrial and logistics sector has experienced significant growth, driven by evolving supply chain needs. The ongoing expansion and sustained demand bode well for this essential segment of the country’s economy.