ROMANIA RETAIL SNAPSHOT 2019-2021

In 2021, the large retail chains recorded a cumulative turnover almost 20% higher than the corresponding one for 2019 (the last fully operational pre-pandemic year), an increase 60% above the consumpt...

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MAIN STREETS ACROSS THE WORLD 2022

New York’s Fifth Avenue has reclaimed its position as the world’s most expensive retail street, with average rents of 1.756 euro/sq. m/month according to a new global ranking from real estate services...

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ROMANIA RETAIL Q3 2022

Retail projects of over 40,000 sq. m were delivered in Q3 2022, the new supply comprising of three new retail parks in smaller cities (Turda, Turnu Magurele and Miroslava), one retail park in the vici...

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BUCHAREST OFFICE Q3 2022

The prime headline rent in Bucharest continued to increase in Q3 2022, reaching a level of around €19.50/ sq. m/month in the CBD area, with further increases expected in other submarkets in the follow...

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ROMANIA INDUSTRIAL Q3 2022

The y-o-y inflation rate reached 14.8% in September in Romania, one of the highest levels in the European Union and, although expected to stabilize in Q4 it is likely to remain in double digits at lea...

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BUCHAREST LAND H1 2022

The total volume invested in land acquisitions in the Bucharest – Ilfov region in the last 18 months (January 2021 – June 2022) reached over €500 million. The analysis includes 46 deals with an averag...

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ROMANIA INVESTMENT H1 2022

The y-o-y inflation rate reached 15.1% in June in Romania according to the National Institute of Statistics, one of the highest levels in the European Union and, although expected to stabilize in...

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ROMANIA RETAIL Q2 2022

The elimination of all the pandemic related restrictions in March resulted in a consistent initial increase in both footfall and sales in physical stores. However, the high inflation is expected ...

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BUCHAREST OFFICE Q2 2022

The prime headline rent in Bucharest has seen a small increase in Q2 2022 to a level of around €19.00/ sq. m/month in the CBD area, a trend which is also expected in other high profile submarkets...

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ROMANIA INDUSTRIAL Q2 2022

m of industrial and logistics spaces were leased in H1 2022, a 50% increase compared with the same period of 2021, according to Cushman & Wakefield Echinox latest Marketbeat. The volume transacted...

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RETAIL REGIONAL CITIES 2022

Throughout Romania, at a regional level, projects totaling 270,000 sq. m are under construction and in various planning phases in the Central West area, projects which are due to be added to the exist...

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BUCHAREST RETAIL MARKET 2022

The modern retail stock in Bucharest reached 1.26 mil sqm at the end of Q 1 2022. The stock consists of 17 shopping centers with a total GLA of 769.000 sqm 61 of the stock), 10 retail parks comprising...

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BUCHAREST OFFICE MARKETBEAT Q1 2022

The Q1 2022 new supply has been consistent, with three new deliveries in Bucharest, consisting of an extension of the Sema Parc project, namely the London & Oslo buildings (31,500 sq. m GLA in tot...

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ROMANIA INDUSTRIAL Q1 2022

The demand for industrial and logistics spaces remained consistent in Q1 2022, with a total leasing activity of over 300,000 sq. m, reflecting a 50% increase when compared with Q1 2021, thus maintaini...

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BUCHAREST OFFICE MARKET 2021

According to the Bucharest Office Market report, only 3 out of the Bucharest’s 11 office sub-markets will benefit from new projects this year, namely Center-West, Center and Expoziției, the new supply...

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ROMANIA INDUSTRIAL MARKETBEAT Q4 2021

The demand for industrial and logistics spaces reached a new record level in Q4 2021, with a total leasing activity of 441,000 sq. m, up 46% when compared with Q3 2021 and slightly higher compared wit...

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ROMANIA RETAIL MARKETBEAT Q4 2021

In Q4 2021, six modern retail projects have been completed, with a total GLA of around 69,000 sq. m, bringing the overall new supply in 2021 to approximately 100,000 sq. m GLA. The most important...

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ROMANIA OFFICE MARKETBEAT Q4 2021

In Q4 2021, there have been two new office buildings delivered in Bucharest, namely the first phase of the One Cotroceni Park mixed-use project (46,000 sq. m GLA) and Miro Offices (22,900 sq. m G...

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ROMANIA INVESTMENT MARKETBEAT H2 2021

The volume invested in real estate assets in Romania, Poland and Slovakia increased in 2021, while the Czech and Hungarian markets witnessed a downturn when compared with 2020. At regional level, the ...

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BACK TO THE OFFICE

Romanian employees who had to work more from home in the last 18 months due to the COVID-19 pandemic want to return to the office, given that more than half of them associate coming back to the office...

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ROMANIA INDUSTRIAL MARKETBEAT Q2 2021

The demand for Logistics spaces remained solid in Q2 2021, with a total leasing activity of 160,000 sq. m, reflecting a 20% decrease both q-o-q and y-o-y. However, the gross take-up reached 360,300 sq...

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CUSHMAN & WAKEFIELD ESG 2021 REPORT

Cushman & Wakefield strives for continuous improvement in order to make a meaningful contribution to a sustainable future. We envision a world of healthy, sustainable buildings that put the w...

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ROMANIA INVESTMENT MARKETBEAT H1 2021

Q1 2021 produced a surprising q-o-q growth of 2.9%, as a yearly GDP increase in the 5-7% range is now being estimated by both government and analysts. This evolution continues the positive momentum fr...

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BUCHAREST OFFICE MARKETBEAT Q1 2021

The total leasing activity in Bucharest was of 48,000 sq. m in Q1 2021, with net take-up (excluding renewals) having a robust share of 71%. Compared to Q1 2020, when Covid-19 pandemic was in early sta...

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