Insights

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 areas...

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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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BUCHAREST OFFICE Q4 2022

The Q4 2022 office supply in Bucharest consisted of the 2nd building of the Equilibrium project (19,900 sq. m GLA) developed by Skanska in the Floreasca – Barbu Vacarescu submarket, thus bringing the ...

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ROMANIA INVESTMENT H2 2022

In H2 2022, the investment volume in real estate assets in Romania reached €944 million, thus bringing the total for the whole year at a historical level of €1,278 million, corresponding to a 40% y-o-...

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ROMANIA INDUSTRIAL Q4 2022

The industrial and logistics market fundamentals remain strong, as the segment registered a new record year both in terms of supply and demand Thus, the total take up for 2022 was of almost 1 3 millio...

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ROMANIA RETAIL Q4 2022

During Q4 2022, the retail market registered the completion of new projects consisting of 20,000 sq. m GLA, bringing the total 2022 supply to almost 100,000 sq. m GLA, a level in line with the last fe...

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REAL ESTATE INVESTORS SENTIMENT BAROMETER

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

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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 in ...

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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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