Romania's industrial stock nears 8 million sqm milestone

Business Forum
Romania's industrial and logistics stock is approaching 8 million sqm, with over 60% located within one hour's drive of Bucharest. Moldova and Oltenia remain the least developed regions but show potential for growth once infrastructure improves, according to a Cushman & Wakefield Echinox report.

Around Bucharest, Ploiești and Pitești, approximately 4.6 million sqm of the total 7.75 million sqm national stock at the end of H1 2025 has been built. Meanwhile, Timișoara, Brașov and Cluj have strengthened their positions as regional industrial hubs over the past 18 months, with parks near these cities totaling 1.7 million sqm, representing over 20% of the national stock.

Bucharest and the five regional cities - representing Bucharest-Ilfov, South-Muntenia, West, Center and North-West regions - account for over 80% of Romania's industrial stock. At regional level, Bucharest-Ilfov leads with 47.4%, followed by West (15.1%), South-Muntenia (11.4%), Center (9.4%) and North-West (8.8%).

Ștefan Surcel, Head of Industrial at Cushman & Wakefield Echinox, said: "Net demand for logistics and industrial spaces remains strong, fueled by expansion activity from retail, e-commerce and manufacturing tenants seeking modern, well-located facilities. We expect absorption levels to remain healthy and regional markets to gain ground, reducing gaps between Bucharest, Transylvania, Banat and Moldova or Oltenia regions."

The least developed regions are North-East (2.8% of stock) and South-East (1.6%), while South-West Oltenia attracted only 3.6% of stock. These three regions, representing approximately 40% of Romania's population, hold a combined share of less than 10% of the total industrial and logistics stock.

Around 440,000 sqm of industrial parks are currently under construction, with over 80% located near Bucharest. Companies leased nearly 1.4 million sqm between January 2024 and June 2025, while 764,000 sqm of new spaces were delivered nationwide. The vacancy rate remained low at 5.8%. CTP and WDP are the largest owners with combined portfolios of around 5 million sqm, controlling almost two-thirds of the market.

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