Industrial space very expensive in Bucharest

Bucharest was placed 29th in a ranking based on the total costs companies have to bear for industrial spaces, with about 72 euros/sqm. The top spot in the ranking went to the area surrounding the Heathrow Airport in London (237 euros/sqm). The study was conducted by Cushman & Wakefield and Royal LePage Commercial companies and considered all the costs a company has to bear in order to operate in an industrial space. Bucharest had ranked 18th last year. It is still ahead other cities like Rome and Milan, where costs reach about 64.8 euros/sqm, Brussels – 55.8 euros/sqm and Vienna – 53.57 euros/sqm. At the same time, industrial space costs in Bucharest are higher than in the capitals of other transition countries. For instance, industrial space costs some 62 euros/sqm in Budapest and Warsaw and 60 euros in Prague. Costs in Istanbul on the other hand, are only half of those in Bucharest. ZF