More than 650,000 sqm of warehouse space leased in Romania in 2020
Dunwell, an industrial real estate broker, released a complex industrial market analysis for 2020. Real estate agencies brokered more than 650,000 sqm of warehousing spaces last year, throughout Romania. Most of the contracts were new leases, which is very positive from a commercial perspective. Against all fears, pessimistic forecasts and slowed workload, 2020 was even better than 2019 concerning leased industrial spaces (more than 650,000 sqm vs. 475,000 sqm). Q1 and Q3 were both in 2019 and 2020 lower in value compared to Q2 and Q4. This aspect can be related to January when the start of the year can be slower, as well as July and August, which are usually holiday periods. On the other hand, the evident growth of activity during the summer period was noted, where people either gave up their holidays altogether or decreased the duration of their vacations. In the industry, this translated into 117,510 sqm being transacted in Q3 2020 vs a little…
SUBSCRIBE NOW – SEE BELOW
This content is for EuropaProperty.com Subscription members only.