The industrial sector recorded its best ever evolution in 2018, with over 900,000 sq m GLA delivered at national level, marking a 63% annual jump. Bucharest was the most effervescent market with 360,000 sq m completed, followed by Timisoara (103,000 sq m), Pitesti (68,000 sq m) and Cluj-Napoca (61,400 sq m).
The market value of these new industrial buildings is estimated at over 471 million Euro, out of which 43% is represented by the completions in Bucharest area. New A-class buildings have average rents of 3.5-4.0 Euro/sq m/month and average yields of 8.5-9.0%.
Full article can be viewed on our valuation website:https://www.evaluari-proprietati-romania.ro/en/news/real-estate-properties-completed-in-2018.html