Piata hoteliera din Romania a avut in 2017 cel de-al saptelea an consecutiv de crestere, in cele aproape 100.000 de camere de hotel fiind inregistrate peste 20 de milioane de innoptari, un avans de 4% fata de anul precedent, respectiv 57% fata de anul 2010. Indicele net de utilizare a locurilor de cazare in … Continued

“The photos that reveal the end of the shopping centers” and “the retail apocalypse is underway in the US” are just two of the messages that have been promoted lately in the local media, raising questions and comments on the future of the Romanian retail in general and of the shopping malls in particular. “The … Continued

There is a direct correlation between the evolution of the number of tourists and the ability of cities to attract new employees, given that companies do not necessarily consider what city they choose for an investment, but what city can attract more employees in order to meet their development plans. As a consequence, tourist cities, … Continued

  Transport and distribution player Aquila Part Prod Com has leased 10,000 square meters of office and storage spaces on the ground of a real estate project located in Apahida, Cluj County, in a bid to consolidate its operations in this part of the country. The transaction involving the built-to-suit space was brokered by Cushman … Continued

  The coffee shops chain Starbucks will open a new unit on Lipscani street, in Bucharest old town, in a space owned by the entrepreneur Catalin Mahu, the founder of restaurants chain La Mama. Starbucks rented a space with a surface of over 300 sqm on two floors and a terrace and the transaction was intermediated … Continued

  As the office market in Bucharest is maturing, cities like Timisoara, Cluj-Napoca, Iasi and Brasov gain ground in the eyes of real estate developers. The modern office stock in the main regional cities in Romania – Cluj-Napoca, Timisoara, Iasi and Brasov – reached about 700,000 sqm in mid 2017, or 73 percent lower than … Continued

  Taking into account that the offices stock in Bucharest remained constant, the vacancy rate dropped to approximately 8.2 percent in the third quarter from 9.3 percent at the half of the year, according to an analysis of Cushman & Wakefield Echinox. The office developers didn’t deliver any new building in Bucharest in the third … Continued

  Real estate developers have not finished any new office building in Bucharest in Q3 this year, and yet corporations wishing to expand or enter the Romanian market have reserved an area of ​​37,000 square meters in buildings undergoing construction, because they want to recruit about 4,000 employees. Overall, the companies have leased spaces with … Continued

  The new official residence of the Qatar Embassy in Romania is located in Northern Bucharest, in a new building that spans 4,000 sqm. The villa, which was completed in 2014, has an interior pool, a Jacuzzi and a private kindergarten. The leasing transaction was handled by the real estate consultancy firm Cushman & Wakefield Echinox. … Continued

  The modern retail spaces stock from the biggest 23 cities of Romania, with a population of over 90,000 citizen each, will increase in the next three years by approximately 500,000 sqm, with most of the development set to be recorded in Bucharest and cities from the central and western part of Romania such as … Continued

Bucharest, August 2018: The local industrial and logistics stock exceeded the 3 million sq m threshold, reaching 3.12 million sq. m at the end of H1 2018, according to Romania’s Industrial & Logistics Market H1 2018 report by Cushman & Wakefield Echinox. Almost 90% of the current stock is concentrated in Bucharest and in five other … Continued

29Sep The residential market is becoming ‘hotter’ and ‘hotter’, a matter which is also observed by the officials of the National Bank of Romania who monitor the price evolution, as well as by the majority of the inhabitants who live in the big cities, where a large number of building sites have emerged during the … Continued

  With industrial & logistics space take-up racing beyond consultants’ expectations this first semester, the market looks set to reach new highs by yearend. A record level of over 300,000 sqm of logistics & industrial space was leased in the first half of 2017, according to data from real estate consultancy Cushman & Wakefield Echinox.  Read more … Continued

  Modern office space in Romania’s main regional cities reached almost 700,000 sqm in the first six months of this year compared to 2.6 mln sqm in Bucharest, according to Cushman & Wakefield Echinox. The main regional cities include Cluj-Napoca, Timisoara, Iasi and Brasov. Bucharest has over 172,000 students whereas the other four cities have … Continued

  The office space available in Romania’s secondary cities, such as Cluj-Napoca, Timisoara, Iasi and Brasov will reach the 1 million threshold by the end of 2018, a Cushman & Wakefield Echinox survey said. The total office space in the cities considered reached 700,000 square meters in mid-2017, according to the survey. By contrast, Bucharest … Continued

  The Western part of Bucharest will attract 75 percent of the offices that will be delivered in the second half of this year and 50 percent of the deliveries for 2018, so that the stock from this area will increase by around 236,000 sqm, according to an analysis of the firm Cushman & Wakefield … Continued

  Central and Eastern European markets are booming and most segments of the property business are growing rapidly, thus providing an opportunity for advisory firms to expand. Jonathan Hallett, Managing Partner for Central Europe talked to Property Forum about Cushman & Wakefield’s plans for the region. Read more on www.property-forum.eu 

  The industrial and logistics real estate sector in Romania will see a record level of deliveries this year, namely about 480,000 sqm. The deliveries in the industrial sector dropped by 64% year-on-year reaching 80,000 sqm in the first six months of this year. However, they are expected to significantly increase in the second part … Continued

  The local real estate market remains dinamic and attractive for investors. The total value of real estate deals in Romania reached EUR 530 million in the first half of this year, up 43 percent from the same period in 2016, the market being supported mainly by commercial spaces transactions, C&W Echinox special report informs. … Continued

  Real estate developer Vastint, the real estate development division of IKEA, received in July the urbanism certificate to build a residential complex in the north of Bucharest. The company will develop the apartments on a 48-hectare plot acquired last year with EUR 28.8 million from the investor Teia Sponte, according to Cushman & Wakefield … Continued

  Romania-based security software company Bitdefender is renting 9,267 sqm of office space in Orhideea Towers in Bucharest for a minimum term of five years, bringing the pre-leasing rate of this project to approximately 65 percent, a press release informs. Developed by Austrian developer CA Immo and comprising 37,000 sqm of gross rentable floor space, … Continued

  Assembling a new Ford model in Craiova, Turkish Arcelik’s washing machine factory in Ulmi and the conversion of the Philip Morris cigarette factory in Otopeni will also bring other international groups to invest in Romania, Cushman & Wakefield Echinox report shows. An additional argument for attracting new investors to the production area is that … Continued