ROMANIA OFFICE Q4 2023

Arghezi 4 (8,000 sq. m GLA) was the only office project delivered in Bucharest in Q4, thus bringing the total 2023 new supply to 110,500 sq. m, the lowest level since 2015. However, the Q4 2023 transa...

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ROMANIA INDUSTRIAL Q4 2023

strong year for the industrial and logistics market, as the segment registered a consistent activity both in terms of supply and demand. The total annual take-up surpassed 1 million sq. m, in line wit...

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ROMANIA RETAIL Q4 2023

The retail market registered consistent new deliveries in Q4, with new projects with a cumulated GLA of 144,200 sq. m being completed. Therefore, the total 2023 supply amounted to 213,000 sq. m GLA, a...

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MAIN STREETS ACROSS THE WORLD 2023

New York’s Fifth Avenue has maintained its position as the world’s most expensive retail street, with Milan’s Via Montenapoleone climbing to second in the global rankings, according to Cushman & W...

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REAL ESTATE INVESTORS SENTIMENT BAROMETER 2023

Cushman & Wakefield Echinox has run the second edition of the Real Estate Investor Sentiment Barometer, looking for insights from the key investors and developers present on the Romanian real esta...

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ROMANIA INDUSTRIAL Q3 2023

In Q3 2023, the total leasing activity in Romania slowed down compared with the previous quarter, with the gross take-up totaling around 169,000 sq. m, corresponding to a 20% q-o-q decrease, while Buc...

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BUCHAREST OFFICE Q3 2023

The Q3 new supply consisted of the 2nd building of the U – Center office project (32,500 sq. m GLA) developed by Forte Partners in the Center submarket, with the 2023 YTD new deliveries totaling 102,5...

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ROMANIA RETAIL Q3 2023

Q3 2023 saw the delivery of Carolina Mall in Alba Iulia, a 29,000 sq. m GLA project owned by Prime Kapital – MAS Real Estate, the largest shopping center completed in the past 3 years in Romania. The ...

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CUSHMAN & WAKEFIELD ESG REPORT 2022

Cushman & Wakefield has a responsibility to help create a more sustainable and inclusive future for our people, clients and planet. We view ESG as a key priority for our business; our belief that ...

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ROMANIA RETAIL REGIONAL CITIES 2023

Total modern retail stock in the Romanian regional cities was of 2.96 mil. sq. m at the end of H1 2023. 100,000 sq.m of retail spaces were delivered in the last 12 months outside Bucharest. 950,000 sq...

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BUCHAREST RETAIL MARKET 2023

The modern retail stock in Bucharest reached 1.31 million sq.m at the end of H1 2023. The stock consists of 17 shopping centers with a total GLA of 769,000 sq.m (59% of the stock), 13 retail parks com...

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ROMANIA INDUSTRIAL Q2 2023

The leasing activity on the industrial and logistics property market registered another strong quarter in Q2 2023, with a gross take-up of over 215,000 sq. m, bringing the transactional volume for the...

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ROMANIA INVESTMENT H1 2023

A real estate investment volume of only €181 million was recorded in Romania in H1 2023, corresponding to a decrease of 43% compared with H1 2022. The increasing financing costs made investors more se...

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BUCHAREST OFFICE Q2 2023

The Q2 new supply consisted of the 2nd building of the @EXPO project (28,000 sq. m GLA) developed by the Atenor Group in the Expozitiei submarket, thus bringing the H1 total to 70,000 sq. m, while the...

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ROMANIA RETAIL Q2 2023

The only retail schemes delivery in Q2 were Funshop Park Vaslui (10,000 sq. m) developed by Scallier and Retail Park Dej (7,000 sq. m) owned by Cometex, the real estate branch of the Altex electro-IT ...

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WHAT OCCUPIERS WANT: GLOBAL SURVEY RESULTS 2023

KEY TAKEAWAYS FROM THE 2023 SURVEY: • Cost and talent—cost pressure is the #1 challenge for companies across the globe • Communal office space for sparking creativity and innovation—targeted space has...

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ROMANIA RETAIL SNAPSHOT 2023

The large retail chains recorded a total turnover which was 16.3% higher than in 2021, a growth rate that exceeds the average annual inflation rate of 13.8% registered in 2022, according to the Romani...

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ROMANIA INDUSTRIAL Q1 2023

The demand for industrial and logistics spaces remains relatively strong at the beginning of the year, even in a context characterized by high inflation and interest rates, decelerating consumer deman...

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ROMANIA RETAIL Q1 2023

Despite the modest new supply registered in Q1, developers have announced ambitious plans on the short and medium terms, as projects totaling around 340,000 sq. m are currently under construction, mos...

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BUCHAREST OFFICE Q1 2023

The y-o-y inflation rate reached 14.9% in Q1 2023 in Romania, a level which remains relatively high, but prices have been on a downward trend since the beginning of the year and the forecasts are now ...

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ROMANIA INDUSTRIAL Q1 2023

The demand for industrial and logistics spaces remains relatively strong at the beginning of the year, even in a context characterized by high inflation and interest rates, decelerating consumer deman...

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ROMANIA INDUSTRIAL & LOGISTICS MARKET 2023

The industrial and logistics market registered a new record year both in terms of supply and demand, with development being concentrated in the Bucharest – Ilfov and West regions. However, other...

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OFFICE MARKET REGIONAL CITIES 2023

Developers announced the construction of more than 275,000 sq. m of new office projects in the major regional cities – Cluj-Napoca, Timisoara, Iasi and Brasov, and therefore the modern office stock sh...

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BUCHAREST OFFICE MARKET 2022

Around 500,000 sq. m of office spaces are unoccupied in Bucharest, reflecting a vacancy rate of 15.2%, the highest availability being reported in the Pipera North, Center-West and Floreasca – Barbu Va...

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