During 2020 almost 143 000 sq m of retail space was delivered in the Romanian regional cities, with approximately 82 of these deliveries consisting of shopping centers AFI Palace Brasov,developed by AFI Europe, is the largest project completed last [...]
The modern retail stock in Bucharest reached 1 25 mil sq m at the end of 2020. The stock consists of 15 shopping centers with a total GLA of 709 000 sq m (57% of the stock), 11 retail [...]
Hotel transaction volume reached EUR 9.5 million in 2020, down 82% from approximately EUR 52 million in 2019. However, investor interest in Bucharest remains relatively strong, due to a clear basis for future growth in the local hotel market, [...]
Residential developers and supermarkets remained activeIn 2020, the total volume invested in land acquisitions in the Bucharest – Ilfov region reached €194 million, reflecting a 6.5% decrease compared to 2019. The analysis includes 27 deals with an average price [...]
Uncertain pipeline on the short termPresently, new schemes or extensions to existing projects totaling around 50,000 sq. m are under construction and expected to be delivered by the end of the year, while a number of important projects have [...]
Low supply at the end of 2020The modern office stock of Bucharest almost reached the 3 million sq. m threshold (excluding owner occupier buildings and approximately 3.1 million sq. m including those as well), while the vacancy rate increased [...]
Logistics demand hits new records The demand for logistics space reached a new quarterly record in Q4 2020, with a total leasing activity of almost 413,000 sq. m, up 45% when compared to Q3 2020 and more than double compared [...]
Romanian economy, more resilient than initial forecasts A -12.2 q/q economic decline was recorded in Q2 2020 followed by the first steps towards recovery in Q3, when a 5.8% q/q growth was noted. Retail sales recorded a surprising 2.1% y-o-y [...]
The reality of an effective vaccine and the prospect of widespread vaccinations has sparked hopes for 2021 and speculation about recovery. Cushman & Wakefield Research has identified nine signs to watch, signals that could indicate the CRE market and [...]
Millennials have been more affected by the pandemic than other generations. Having attended school during the Dot.com crash, they came of age during the Great Financial Crisis (GFC), and now find themselves enduring the worst recession in a century [...]
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