TO LET / FOR SALE
CTPark Bucharest North is a modern industrial park located in the north-eastern part of Bucharest, on the North Ring Road currently developed on 4 lanes.
The park, with direct access from DNCB, is located 2.2 km away from the A3 motorway and at 11.5 km from the A2 motorway.
CTPark Bucharest North is a modern logistics park that offers storage and production spaces, which will include over 190,000 sqm of buildings delivered to at highest CTP industrial standards.
The first building with a total area of 20,000 sqm will be delivered in T4 2020.
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.
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).
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.
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).
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.
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.
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.