Cushman & Wakefield: facts and figures regarding the evolution of the industrial real estate market
The global real estate services firm, Cushman & Wakefield makes public facts and figures regarding the evolution of the industrial real estate market in the past year as well as projection on 2012. Also, Cushman & Wakefield announces a 15% market share in 2011 out of the total Romanian industrial market segment. This percentage represents 25.000 sqm industrial spaces leased by Cushman & Wakefield out of 150.000 sqm which represent approximately the total industrial space, transactions made in 2011.

According to Cushman & Wakefield, the Romanian industrial real estate market grew with approximately 100% in 2011, as total surface leased. “At the end of Q4 2011 we could had spoken of a transacted area of approximately 150.000 sqm compared to 75.000 sqm at the end on Q4 2010”, explained Gabriel Sfetcu, Head of Industrial Department at Cushman & Wakefield Romania. “As well”, continues the Head of Industrial Department, “in 2011 we had more requests from the production industry, in the same time we received requests from new-entry logistics’ operators, resultant from mergers or separation of other operators already existing on the market.”

Referring to the rental price per square meter in the industrial field, the Cushman & Wakefield Romania expert concludes that it maintained an average of 3.8 Euro (without VAT) / sqm in surfaces between 4.000 – 5.000 sqm and contracts for a period of at least 5 years.

Regarding the evolution of 2012 and attracting new investments, Gabriel Sfetcu believes that Romania has an advantage over the other countries in the region due to existing skilled labor force, the possibility of accessing grants from the European Union but also because of the

existing quality industrial spaces. To these adds, says the Cushman & Wakefield expert, the flexibility of the owners who are willing to offer various incentives to potential investors, from offering some free of charge services / bonuses to sustaining some of the new investments costs – in the case of accommodating a tenant from the production segment.

Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. Founded in 1917, it has 230 offices in 60 countries and more than 13,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within five primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, investment banking, debt and equity financing; Corporate Occupier & Investor Services, including integrated real estate strategies for large corporations and property owners; Consulting Services, including business and real estate consulting; and Valuation & Advisory, including appraisals, highest and best use analysis, dispute resolution and litigation support, along with specialized expertise in various industry sectors.