Industrial rents in Romania remain among the lowest in Europe, Middle East, and Africa (EMEA), despite an overall upward trend, according to Cushman & Wakefield Echinox.
Romania's role in the global logistics landscape is gaining prominence, as highlighted in the latest Waypoint Global Industrial Dynamics Report. The report, released by real estate consultancy Cushman & Wakefield Echinox, discusses the industrial rents in Romania and the country's competitive position within the global logistics landscape.
According to the report, there has been a 15% increase in industrial rents in Romania since 2019. This upward trend can be attributed to the shift in global supply chains, making Central and Eastern Europe significant in the global logistics landscape. Romania, in particular, is being recognised as a strategic hub in this rapidly evolving landscape.
Despite the rise in industrial rents, Romania's rates remain among the lowest in the EMEA region. This competitive pricing, combined with the country's strategic location, is attracting industrial real estate providers such as Garbe Industrial Real Estate. In recent years, Garbe has expanded into Romania, establishing a subsidiary and signing industrial leases with notable tenants, including a leading logistics service provider. As a leading industrial real estate provider in the EMEA region with ongoing expansion in multiple countries, Garbe's presence further underscores Romania's potential in the global logistics sector.
The Waypoint Global Industrial Dynamics Report is available for Romania Insider members or by signing in. The report provides valuable insights into the industrial rents in Romania and the country's position within the global logistics landscape, offering a comprehensive view of the current and future state of the industry in Romania.
In conclusion, Romania's position within the global logistics landscape is being reshaped by the shift in global supply chains, and the country is emerging as a strategic hub in Central and Eastern Europe. With competitive industrial rents and an attractive location, Romania offers promising opportunities for businesses looking to establish a presence in the region.
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