Third quarter figures show 235,000 sqm of space leased, with companies being more active compared to the same period last year when they contracted 164,000 sqm. However, the transacted volume is on a slight downward trend compared to the second and third quarters of this year when demand was around 260,000 sqm per quarter.

Ștefan Surcel, Head of Industrial Agency Cushman & Wakefield Echinox, said: "Romania's logistics market continues its positive trajectory of the past five years in terms of demand, with an annual transactional volume of around one million sqm. We see a balance between new leases and renewals of existing contracts, showing that companies are seeking both stability and development opportunities while paying close attention to cost and logistics efficiency. The Bucharest-Ilfov area still attracts the largest share of demand, but regional cities are becoming increasingly relevant and competitive."

While new contracts represented 60% of the transacted area in the first nine months, renewals of existing contracts were the majority in Q3, accounting for 52% of the total volume. Tenants continue to carefully analyse existing options and optimise the costs of a possible relocation.

Bucharest remains the preferred destination for companies leasing logistics and warehousing space, with almost 75% of the volume transacted in the first nine months (560,000 sqm), while Timișoara (75,100 sqm), Craiova (16,000 sqm) and Cluj (15,000 sqm) were the most active secondary markets. The total modern stock of industrial and logistics spaces in Romania reached almost 7.78 million sqm at the end of Q3, with developers completing projects totalling 209,300 sqm nationally in the first nine months, 24% lower than the same period in 2024.