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Industrial spaces demand has reached historic high in 2016, says JLL

Demand of industrial and logistics spaces grew last year by 50 per cent to over 460,000 square meters, recording the highest level in the history of the Romanian market, according to JLL Romania.

2017-01-23 14:32:36

The increase was driven by consumption, given that 40 per cent of demand came from retail companies and e-commerce, while Bucharest had a 65 per cent contribution to the total.

Last year, retailers have rented nearly 186,000 square meters of logistic spaces, increasing their market chains. Logistics and production companies traded approximately 140,000 square meters - one third of total demand - while automotive manufacturers have signed contracts of about 72,000 sqm.

"Most likely FDI will exceed four billion Euro in 2016 while at the end of November there were reported 3.9 billion Euro, a record level for the past eight years," said Cristina Pop, associate director, head of industrial agency, JLL Romania. "Also, consumption increased by ten per cent last year, fuelled by lowering VAT and wage increases. All these are elements that have favoured the increased demand to a historic level for this market."



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