In 2008 the Romanian industrial and logistic market was ranked 13 out of 25 countries analyzed by Cushman & Wakefield. The 4 factors taken into account for this ranking were: rent level, labor cost, road congestion and freight market. The undeveloped infrastructure is the main factor that deters Romania from climbing to a higher position in the top 25.
Still, Romania is one of the least developed industrial & logistics market in the region with only 1600 ha of land dedicated to industrial parks, while there is strong demand from foreign investors. Seizing the great potential Romania offers on the industrial real estate market, a great number of investments are in the pipeline in the next 3 years, as IBC Focus points out in its Industrial and Logistic Parks Report.
The chart below details the number of investments in the
industrial parks in Romania by construction stage, projects that were verified
over the telephone by the IBC Focus consultants. For more information on the
industrial and logistic parks in Romania please visit www.iresearch.ro
Sources: Cushman&Wakefield, IBC Focus
Comments