Although less impacted by the effects of the Covid-19 epidemics than other real estate sectors, the industrial and logistics market is also adjusting to the new business context. Therefore, more and more companies are seeking solutions in online, considering that online sales increased for 75 percent of companies in this period, according to Business-Review.eu.
In the same time, market players are adopting local or proximity solutions for materials (19 percent), in order not to depend on imports from distant countries, are restructuring projects and processes (46 percent) or are even putting some projects on hold (33 percent), according to a study conducted by Colliers International among 76 industrial & logistics companies in the Romanian market. About 59 percent expect rents to decrease in the next 12 months, on the background of slowing down logistic operations.
85 percent of industrial & logistics companies see their business impacted in the actual context, but 54 percent consider the effects are minor compared to other markets. 29 percent say the business is affected by the employees’ absence, 28 percent by restrictions in delivery, 16 percent by supply bottlenecks and 13 percent by a halted production, according to Colliers International’s study conducted among companies operating in logistics/transport, developers, companies in retail and eCommerce, production and manufacturing and investors in the industrial and logistics market. The study is part of a broader analysis of the overall real estate market outlook, based on relevant insights from all market segments, aimed to bring some clarity about the industry.
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