Industrial Market Barometer Spring 2018

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The industrial market had a sluggish start to the year, with the observed leasing transactions for warehouse spaces nearly halving in Q1 2018 versus Q1 2017. We say “observed” because we believe direct (and unreported) leasing transactions probably add up to quite a lot. We expect this to prove just a temporary soft patch and probably the biggest argument supporting this view is our positive assessment of client interest for storage spaces.

In Colliers’s Industrial & Logistics Barometer for Spring 2018, we are launching an analysis exercise for the attractiveness of 30 cites (county capitals) in Romania for warehouse spaces and manufacturing activities. We took into account different sets of information, such as labour market data and distance to major border checkpoints.

Still, our results are not entirely faithful to actual market developments, highlighting the fact that objective indicators sometimes take a secondary place in the strategic decision making process, with business sense, specific opportunities and client interest weighing more. It is also worth underscoring that the differences between, say, the top 10 cities, were not as big based on the aggregated index of attractiveness.


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Industrial Market Barometer Spring 2018

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Silviu Pop

Head of Research | Romania

Bucharest

Before joining Colliers mid-2017 as Head of Research for Romania, Silviu Pop worked with ING Bank for close to three years as an economist, covering macroeconomic/financial market themes for Romania, Bulgaria, Serbia and Croatia. His previous professional experience includes working almost 7 years as a financial journalist at various media outlets in Romania, including the sole business-oriented TV station in Romania, where he hosted a daily show for a period of time; during this interval,  he won a number of scholarships, including a stint with Reuters. He holds a BSc in economics at the Bucharest University of Economic Studies.

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Laurentiu Duica

Director | Partner | Romania

Bucharest

Over 12 years’ worth of experience in the industrial market, and has worked both in the operational and sales side. Prior to joining Colliers International, he was head of leasing and development at P3, a developer and manager of European logistics properties. Laurentiu has also worked for seven years at FM Logistics, one of the largest logistics providers in Europe and Romania, advancing to the position of commercial manager.

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