.

Q1 2013 Industrial Market Report

Prime rents were static over Q1 2013 but the landlords are offering attractive incentives which lead to a better value of the NER (Net Effective Rent).



Prime yields were unchanged against low transactional evidence. Based only on demand and supply indicators the yields are estimated between 9.5% and 10.5%.



The lack of speculative developments stabilized the supply. There are under construction 13,600 sq.m logistics spaces and 4,000 sq.m production spaces on speculative basis. In the real estate sector, the banks try to limit exposed capital and the funding of the new developments is conditioned by a minimum of 40% pre-leased schemes.

Take-up in Romanian Industrial Market reached the highest level in the last 2 years, totalizing 80,000 sq.m.

Demand is expected to increase from low basis. The trend will be for tenants interested to grow their current business and for new occupiers looking for more efficient schemes.

TESTIMONIALS

“Very organized professionals, creative and focused on client’s needs, offering the best solution on the fair market terms”
Mihaela Voinescu
GE Power & Water
Quality Engineer / Office Coordinator
Inspection & Life Extension Services

CONTACT

image 0040.744.308.657

 

image GS CAPITAL S.R.L.
Navidio Building, 3-rd Tudor Vianu St.
district 1, zip code 011635
Bucharest, ROMANIA

 

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