According to a recent study by Cushman & Wakefield Echinox on Romania’s industrial property market, the regions of Moldova and Oltenia remain among the least developed, yet present significant potential for future growth, particularly in light of ongoing infrastructure development.
As of the end of H1 2025, approximately 4.6 million sqm out of the 7.75 million sqm of total existing industrial and logistics space nationwide have been developed around Bucharest, Ploiești, and Pitești. Meanwhile, cities such as Timișoara, Brașov, and Cluj have consolidated their positions as regional industrial hubs over the past 18 months, with parks near these cities accounting for 1.7 million sqm, or over 20% of the national stock.
Bucharest and five other key regional cities – covering the Bucharest-Ilfov, South Muntenia, West, Central, and Northwest regions – collectively hold more than 80% of Romania’s total industrial and warehouse stock.
The Bucharest-Ilfov area leads the market with a strong 47.4% share, followed by the West (15.1%), South Muntenia (11.4%), Central (9.4%), and Northwest (8.8%) regions. In contrast, the Southwest Oltenia (3.6%), Northeast (2.8%), and Southeast (1.6%) remain underdeveloped, despite accounting collectively for nearly 40% of Romania’s population, while representing less than 10% of the country’s total modern industrial and logistics space.
At the national level, the current pipeline of projects under construction totals around 440,000 sqm, with more than 80% of that space located in Bucharest-Ilfov. However, developers are also showing increasing interest in the Northwest, Northeast, and Western regions, with 17% of upcoming deliveries targeting the historical regions of Moldova and Transylvania.
Transactional activity has remained robust, with companies leasing approximately 1.4 million sqm between 2024 and the first half of 2025. During the same period, about 764,000 sqm of new space was delivered nationwide, while the vacancy rate dropped to a low 5.8%, creating opportunities for development even in regions with limited availability of modern industrial and logistics properties.
Bucharest-Ilfov accounted for the highest leasing activity in the past 18 months (62%), followed by the Western region (16%) and the Northwest (8%).
The leading landlords in the Romanian industrial and logistics market are CTP and WDP, whose combined portfolios total nearly 5 million sqm, effectively controlling almost two-thirds of the market.
Meanwhile, other developers such as VGP, ELI Parks, Logicor, and Oresa Industra are showing increasing appetite for expansion. Additionally, several new market players are entering the Romanian industrial property space, including Garbe, Hillwood, and Lion’s Head, who have already secured land for the development of future industrial parks.
