Industrial Spaces - The Star Of Real Estate Market For The Next Few Years

The most dynamic sectors of the real estate market remain, for another year, office buildings, trading and industrial spaces. A report of the "SGA Romania" real estate consultance institute shows that, paradoxically, the very star of the real estate business - office buildings - turns out to be nonetheless the least stable.

Professor Artur Silvestri, the author of the report, claims that this unoptimistic outlook is caused by the idea that business center construction and rental brings high, constant profts and that this business will work in the long run. He emphasized that, in fact, this type of business fluctuates: although some voices claim that there is a major deficit of office spaces, the rent prices do not increase, but they remain stagnant and they even have a certain retraction. In the last few years, the decrease in rent prices has been nearly 50% and the "light" corrections in 2004 and 2005 brought more adjustments of up to 5-7%, which are natural. The big companies choose imposing headquarters, and the authentic star of the real estate market remains the "micro-office for agencies".

The SGA report indicates that the industrial space market is developing and that it will undoubtedly become the star in the next two to four years. The same thing holds for commercial spaces, where the historical war between the hypermarket and the Mall has been won by the former, the "new and diversified comsummer lifestyle". Even if the present era belongs, in Mr. Silvestri"s opinion, to the "commercial park" structures, where super-stores operate in concentrations that support eachother, there will be "galleries", commercial passages and brand boutiques that will gain ground in their own specialized category.

The retraction that is sometimes seen with big supermarkets has not affected chain stores such as Billa or Mega Image, which do feel the pressure but do not cave in. Small businesses weren"t affected either, but businesses on big boulevards have gone down.