Insights

Bucharest Office Marketbeat Q1 2024

There was no office project delivered in Bucharest in Q1, while the 2024 pipeline only consists of one 15,000 sq. m building, as the present year will thus benefit from the lowest supply of new office...

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Romania Industrial Marketbeat Q1 2024

The new supply of modern industrial & logistics spaces was modest throughout Q1, as the most significant deliveries were represented by a 23,600 sq. m expansion of CTPark Bucharest West and also by 8,...

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EMEA Office Fit Out Cost Guide 2024

The need to innovate and evolve has not diminished. Having set ambitious Environmental, Social and Governance (ESG) targets, companies are now taking action to meet those targets. For the key markets ...

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CEE MARKETBEAT HOSPITALITY 2023 H2

The demand for hotel accommodation continued to recover in 2023, with international tourist arrivals in CEE increasing by 20% vs 2022, reaching 73% of the prepandemic level (2019). Further growth will...

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ROMANIA OFFICE MARKET REGIONAL CITIES 2024

m was the modern office stock in the main regional cities at the end of 2023. The office take-up recorded in 2023 was 37,400 sq. m

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BUCHAREST OFFICE MARKET 2024

The modern office stock in Bucharest at the end of 2023 was 3.42 mil. sq. m. 463,200 sq. m was the total office take-up recorded in Bucharest last year.

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ROMANIA INVESTMENT H2 2023

A real estate investment volume of only €488 million was recorded in Romania in 2023, corresponding to a decrease of 62% compared with 2022. The increasing financing costs and the investors’ reluctanc...

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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 & Wakef...

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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 estate l...

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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 ‘lif...

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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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