There was no retail project completion in Q1 in Romania, but the delivery pace significantly picked up in April and May, when ~150,000 sq. m of new schemes opened (including one super regional shopping center – Mall Moldova – in Iasi). This area represents 80% of the entire 2024 new supply, according to data from … Continued

Bucharest, May 2025: The office space demand slowed down in Q1 across Central and Eastern Europe (CEE), where less than 30,000 sq. m were delivered across the region, corresponding to the area of a medium – sized building, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The total take-up in … Continued

Bucharest, May 2025: The Floreasca Park building in the Floreasca – Barbu Vacarescu office submarket, one of the largest business hubs in Bucharest, attracts a new major tenant, Leroy Merlin, an internationally reputed DIY retailer which leased approximately 4,000 sq. m of office space. The transaction was brokered by the Cushman & Wakefield Echinox real … Continued

Bucharest, May 2025: The industrial and logistics market had a promising start of the year, with almost 260,000 sq. m being leased in Q1, corresponding to a robust 31% y-o-y increase, according to the Romania Marketbeat Industrial Q1 2025 report produced by the Cushman & Wakefield Echinox real estate consultancy company. Another positive sign was … Continued

Bucharest, April 2025: The Bucharest hotel market recorded further performance recovery in 2024, in terms of RevPAR and occupancy rate, while the ADR finally surpassed the milestone of 100-euro average daily rate, according to the real estate consulting company Cushman & Wakefield Echinox. Market performance encourages investments in new hotels, thus by 2027 it is … Continued

Bucharest, April 2025: The retail team of Cushman & Wakefield Echinox provided strategic consultancy for Prime Kapital, the developer of the Mall Moldova Iasi super-regional shopping center, being involved in securing renowned brands such as Inditex, Peek & Cloppenburg, IKEA or Leroy Merlin among others. The official opening is on April 17, 2025. The close … Continued

Bucharest, April 2025: The Cushman & Wakefield Echinox real estate consultancy company exclusively sells a historically listed villa in the Northern part of Bucharest, located on Aviatorilor Boulevard. Built in 1934 and designed by the renowned architect Duiliu Marcu, the property stands out for its architecture and prestige, along with its incredibly rich history. Raluca … Continued

Bucharest, April 2025: Romania is currently undergoing an accelerated transformation of the e-commerce market, generating an ever-growing demand for industrial & logistics spaces. According to the “Quo Vadis E-commerce” report released by Cushman & Wakefield, the online commerce continues to be a growth driver for the industrial & logistics real estate sector, generating significant opportunities … Continued

Bucharest, March 2025 – The European luxury retail industry continued its growth in 2024, albeit at a more moderate pace compared with previous years. European luxury retail sales increased by 4% vs. 2023, but below the growth rates recorded in 2023 and 2022, which stood at 7% and 23%, respectively. This shows that the market … Continued

Bucharest, March 2025 – The banking sector’s exposure to the commercial real estate market (CRE) (excluding the residential segment) exceeded RON 100 billion in September 2024, accounting for half of its total exposure to non-financial corporations. This increase, driven by the use of commercial real estate properties as collateral, highlights the sector’s crucial role in … Continued

Bucharest, March 2025: The average office fit-out costs in Bucharest increased by 12% in 2024 compared with the previous year, surpassing the €1,000/ sq. m threshold. This evolution aligns with regional trends, as most capital cities have seen cost increases ranging between 8-15%, according to data from the Cushman & Wakefield Echinox real estate consultancy … Continued

IT companies, manufacturing & industry, and the medical & pharma sectors, have been the most active in the office leasing market over the past 5 years, generating more than half of the new demand for office spaces, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The net take-up (excluding renegotiation … Continued

Bucharest, February 25, 2025: Investors from Western Europe, particularly from Austria, the Netherlands, Belgium, and the United Kingdom, have been the most active buyers of real estate assets in Romania over the past five years (2019–2024), making investments totaling €1.75 billion, according to data from real estate consultancy Cushman & Wakefield Echinox. Their market share … Continued

Bucharest, February 2025: Cushman & Wakefield Echinox real estate consultancy company assisted Kinstellar throughout the entire process of relocating its Bucharest office to Globalworth Tower, providing consultancy services for the sale of the firm’s former headquarters in the city center, while also offering project management assistance for the setup of the new office space. Kinstellar’s … Continued

Bucharest, February 2025: Developers completed new projects with a leasable area of 572,000 sq. m across the country in 2024, reflecting a 27% growth when compared with 2023, while the total industrial & logistics stock in Romania reached almost 7.6 million sq. m at the end of Q4. The development activity returned to growth during … Continued

Bucharest, February 2025: The Cushman & Wakefield Echinox real estate consulting company assisted Lion’s Head, real estate investment fund currently owning assets in Romania and Bulgaria, in the acquisition of a 15-Hectare plot in Popesti Leordeni, in an important road node. This transaction marks the expansion of Lion’s Head in the Romanian industrial market, as … Continued

Bucharest, February 2025: Cushman & Wakefield Echinox assisted MAS PLC, a leading property investor and operator in Central and Eastern Europe (CEE), in the disposal process of the strip malls portfolio in Romania to M Core Group. The portfolio consists of 7 assets with a total GLA of approximately 32,000 sq. m located in Slobozia, … Continued

Bucharest, January 2025: The modern retail stock in Romania reached 4.62 million sq. m, with projects cumulating around 180,000 sq. m GLA being completed in 2024, reflecting a 15% decrease when compared with 2023, while still being one of the best years in the past decade when it comes to new completions, according to data … Continued

Bucharest, January 2025: The valuation department of the Cushman & Wakefield Echinox real estate consultancy company valuated properties totaling 5.5 million sq. m, with a cumulative value of more than EUR 8.5 billion in 2024. This corresponds to a 10% portfolio growth compared with 2023, based on the department’s reported turnover. Most valuation reports were … Continued

Bucharest, January 2025: 2025 marks a crucial stage for the European real estate market, which is undergoing a process of recovery and transformation. Favorable economic factors, such as stabilized inflation, reduced interest rates and increasing real incomes are strengthening this sector as a key pillar of the continental economy. Romania, as an integral part of … Continued

Bucharest, December 2024: Investors are optimistic when it comes to their Romanian portfolios over the next 12 months, a clear improvement compared with the previous year. According to the 3rd edition of the Cushman & Wakefield Echinox “Real Estate Investors Sentiment Barometer” conducted among the main real estate investors and developers in Romania, 64% of … Continued

Bucharest, December 2024 – With an average age of approximately 11 years, the Bucharest office stock ranks among the youngest across Europe and the CEE region. This provides a significant advantage for landlords in attracting and retaining tenants, as the city’s office spaces are less likely to face obsolescence in terms of technology, construction quality … Continued

Bucharest, November 2024 – Calea Victoriei in Bucharest climbs two positions, up to the 38th place, in the ranking of the most expensive commercial streets across the world, as rents in Bucharest recorded the 7th highest growth among the 138 analysed markets worldwide, in the latest edition of the “Main Streets Across the World” report … Continued

Bucharest, November 2024: The demand for logistics and industrial spaces reached 575,000 sq. m during the first 9 months of this year, a decrease of 20% compared with the same period of 2023, according to the Cushman & Wakefield Echinox real estate consulting company. The new demand accounted for 86% of the transacted volume. The … Continued