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Study: Volume of industrial and logistic areas rented in Romania in 2019 – 476,000 sq.m
The volume of industrial and logistic areas rented in Romania in 2019 amounted to 476,000 sq.m, a value similar to that of 2018, when transactions of 514,000 sq.m were made, according to a press release of real estate consulting company JLL Romania.
Bucharest attracted most demands of industrial and logistic areas in Romania, about 76% (360,000 sq.m), followed by Slatina with 13% (62,000 sq.m).
JLL recorded in semester 1 a market share of 42% of transactions volume for rentals of industrial and logistic areas made by the real estate consultants.
Other reference transactions in which JLL was involved in 2019 are the rental of 16,000 sq.m by Urgent Cargus in P3 Bucharest A1 Park, and the rental of 8,400 sq.m by Marelvi Impex in MLP Bucharest West park.
The evolution in 2019 was similar to that of previous years, when record demand was registered in the industrial area market. In 2019, the stock of modern industrial areas exceeded 4.3 million square meters, double the volume recorded in 2015.
Another 2019 trend is the rising interest in attracting customers with smaller areas with strong growing potential.
JLL is a company specialised in professional and investment management services devoted to the real estate field. With annual incomes of 6.7 billion US dollars, JLL has 300 branches in 80 countries and 80,000 employees in the whole world.