What type of industrial spaces to let are in Bucharest?
Bucharest is the largest industrial market in Romania, including over 2.5 million sq m of modern industrial parks with storage, logistics and production warehousing halls to let, SME projects with industrial spaces to let etc.
Where are the main modern industrial areas in Bucharest?
Almost 75% of the modern stock of industrial spaces to let is concentrated in western Bucharest: A1 motorway, the ring road. New areas have developed also along the northern ring road section (Stefanesti, Mogosoaia, Chtila).
What is the rental level for industrial spaces in Bucharest?
The rental level for A class industrial spaces to let in Bucharest is placed at 3.5 – 4.0 Euro/sq m/month (units above 1,500 sq m), respectively 5,5 – 6.5 Euro/sq m/month for below 1,000 sq m units.
What monthly costs are paid to let an industrial space?
The monthly costs to let an industrial space for storage and for production in Bucharest include: rent for industrial space, rent for office space, service charges, cost of utilities (electricity, gas, water).
What costs are included in the service charges?
The service charges for an industrial space includes the following: maintenance and repair of building / equipments / concrete platforms, utilities for common areas, costs for security, property manager, insurance and property taxes etc.
What duration have the lease agreements for industrial spaces?
The industrial lease agreements have an average of 3-5 years for storage / logistics destination, respectively 5-7 years for production activities. In the case of built-to suit premises, the average length is of 10 years.
Does the tenant pay fee to let industrial spaces?
The tenant has 0% fee for all the industrial, storage & production spaces to let in Bucharest that are part of Activ Property Services portfolio. We represent the owners and provide free consultancy for tenants.