2024 looks quite optimistic for Romania’s economy and, by extension, for the local real estate market, Colliers consultants predict in ”Top 10 Predictions Romania 2024” report.
In Q3 2023, the manufacturing sector was the driving force behind the overall demand, accounting for 33 percent of the total absorption, a Savills India report has said
Industrial & Logistics (I&L) sector has recorded a 35% Y-o-Y surge in total leasing, which stood at 19.1 mn. sq. ft. across 8 cities during Jan-Jun 2023 period. According to CBRE, the leasing activity is expected to sustain its momentum in the Jul-Dec23 period, which is expected to be partly driven by festive season sales observed across the country.
Warehousing Space: E-commerce had more than a fifth of warehouse space in 2020. Third-party logistics accounted for 44% of the total absorption in H1, followed by manufacturing, retail and fast-moving consumer goods. Experts said companies are also looking to outsource space they had taken during the pandemic.
E-commerce firms share in Indian warehouse leasing fell to 3% amid declining demand due to the pandemic, compared to over 20% during Covid-19. Physical retailers rented 14% space during the first half of this year, as they witnessed a demand resurgence, according to Savills India. E-commerce had more than a fifth of warehouse space in 2020. Third-party logistics accounted for 44% of the total absorption in H1, followed by manufacturing, retail and fast-moving consumer goods. Experts said companies are also looking to outsource space they had taken during the pandemic.