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Industrial -
full listing
Adrian Stancu
+4021.316.81.56
industrial@imobiliarexpert.com
The offer
At the end of 2007 the total stock of industrial space in Bucharest has doubled reaching the value of 485,000 square meters. The final stock could have been much higher but due to circumstances (small number of professional developers, decreasing number of qualified workers) there have been delays on the delivery of industrial spaces.
Emergence of new projects of quality in the south and east of Bucharest is closely related to the development of network infrastructure in these areas. It is very likely in the next few years to see a more diversified map of the location of industrial projects.
We assist at a concentration of supply of industrial space on the A1 Bucharest- Pitesti Highway, because of the highway, indicating that these spaces can accommodate only logistics, warehousing and distribution companies.
Rents
In 2007, we have seen an obvious increase of the supply of new industrial spaces, which resulted in the lowest level of vacancy rate in the last 10 years and have kept rents at the same level as in 2006.
Although we expected a fall in rents in 2007, the increasing cost of construction materials has put pressure on the developers’ shoulders who have maintained their stable level for small and medium requirements. However, tenants with large space requirements have obtained slightly lower rents than in previous years.
Transactions up to 3,000 square meters were signed at a level of rent that ranged between 4.75 - 5 Eur/sqm/month, and most of the 10,000 sqm somewhere between 3.70 - 4.10 Eur/sqm/months. For units with areas between 3,000 sqm to 10,000 sqm rent varied between 4.25 and 4.75 Eur/sqm/month.
As for the tax service, most developers still quote from 0.50 Eur/sqm/month in the Open Book system, but is likely to increase it to 0.75 Eur/sqm/month. In Open Book system, tenant pays monthly, besides the rent, a fee for services (which includes the cost of maintaining the common space and equipment, share of buildings, share of tax on building), whose level is estimated by the owner. At the end of the year is a tax settlement.
Forecasts
In the industrial market of Bucharest the request is yet very strong and the current stock of industrial and logistics space is insufficient to cover. It is very likely to confront a lack of industrial spaces in 2009.
In the context of a request larger than the offer, that lowers the vacancy rate to zero and the growth of the construction costs in 2008, we estimate that the rent level will remain stable for the first part of 2009 (January-March), and will increase by the end of 2009 with a maximum of 0.5 Eur/sqm+VAT due to the crisis that manifests at the global level as the inability of certain developers to complete their projects because of the lack of funding.
Recommendations
Imobiliar Expert Grup recommends looking for a space with at least 6-9 months before the relocation itself, this way you will make sure you secure a space suitable to your requirements and will also benefit from the advantages offered by developers for pre-renting.
For the production companies, we recommend looking for a space with at least 1 year before the relocation itself.
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ID : 255
BUCHAREST-PITESTI
HIGHWAY
LOGISTICS AND DISTRIBUTION PARK
Logistics and Distribution Park built at international
standards that offer to the future tenants a space that
offers the best conditions for their activities. The minimum
surface that can be rented: 5,000 sqm
Technical details: useful h: 10 m, quartz floor, hydraulic
pad for heavy trucks. Price: negotiable |
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ID : 258
SOUTH-EAST RING
ROAD
LOGISTICS AND DISTRIBUTION PARK
Logistics and Distribution Park situated in a strategic
location, direct access, available surfaces between 500
sqm and 20.000 sqm, available from Q1 2009. Technical
details: useful h: 10 m, quartz floor, hydraulic pad, A
Class storage space. Price: 4.5 Eur/sqm
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ID : 254
North –East
LOGISTICS/Distribution PARK
Logistics Park that can accommodate logistics, distribution
as well as production companies, offering A Class
depositing space for the North-East of Romania routes
companies, available surfaces between 2,500 sqm and
35,000 sqm. Technical details: useful h: 10 m, quartz
floor, hydraulic pad. Price: 5 Eur/sqm
Parc Logistic care poate acomoda atåt companii logistice |
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ID:62
South Ring Road of Bucharest
INDUSTRIAL, LOGISTICS AND DISTRIBUTION PARK
The park was built at international standards from sandwich
panels, h: 6 m, drive-in, heavy trucks access, A class
office building, 3,000 KVA transformer post, parking,
available surfaces between 1,000 sqm and 5,000 sqm,
all utilities. Price: 4.5 Eur/sqm |
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ID:256
BUCHAREST-PITESTI
HIGHWAY
LOGISTICS AND DISTRIBUTION PARK
Modern Industrial Park formed by offices and A Class
storage spaces, located in a full developing industrial
area. The minimum surface that can be rented: 3,500
sqm. Technical details: useful h: 9 m, quartz finishing
floor, hydraulic pad. Price: 5 Eur/sqm negotiable |
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NORTH-WEST AREA
INDUSTRIAL PARK
Industrial park built at international standards, the
minimum surface that can be rented: 2,000 sqm.
Technical details: useful h: 10 m, quartz floor, hydraulic
pad for heavy trucks.
Price: negotiable depending on the surface |
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ID:253
BUCHAREST-PITESTI
HIGHWAY
LOGISTIC PARK
Logistics Park that offers new spaces for logistics and
distribution companies, direct access to A1, bridge, the
minimum surface that can be rented: 1,500 sqm.
Technical details: useful h: 10 m, quartz floor, hydraulic
pad for heavy trucks, A Class offices.
Price: negotiable |
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ID:63
For Sale
NORTH AREA
INDUSTRIAL Project for sale :
LOGISTICS AND DISTRIBUTION PARK
Industrial space in surface of 280,000 sqm, all facilities
available, strategic location, 140,000 sqm built surface,
the space offers road and railway transfer facilities.
Price: 100 Eur/sqm |
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ID:260
BUCHAREST-PITESTI
HIGHWAY
INDUSTRIAL PARK
Industrial facility project with all authorizations, 540,000
sqm land, 270,000 sqm to be built, all facilities available,
strategic location, there is the possibility of joining venture
with the owner.
Price: negotiable |
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Industrial parks built at international standards that can accommodate logistics, storage and production
companies. The spaces beneficiate of facilities as: useful h: 10 m, hydraulic loading/unloading pads for
heavy trucks, railway access, security and protection systems according to E.U. legislation, A Class office
building. The workers access is easy because of the means of public transportation but the transport can
be also assured by the developer.
Locations: BUCURESTI, PITESTI, PLOIESTI, BRASOV, CONSTANTA, HUNEDOARA, TIMISOARA, ARAD,ORADEA, CLUJ, TG. MURES, SATU-MARE,CRAIOVA |
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