Insights

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 total),...

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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 wellb...

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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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ROMANIA INDUSTRIAL MARKETBEAT Q1 2021

The demand for logistics space remained consistent in Q1 2021, with a total leasing activity of almost 200,000 sq. m, more than double when compared to Q1 2020, as the positive trend observed during t...

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BUCHAREST RETAIL MARKET 2021 REPORT

The modern retail stock in Bucharest reached 1 25 mil sq m at the end of 2020. The stock consists of 15 shopping centers with a total GLA of 709 000 sq m (57% of the stock), 11 retail parks comprising...

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ROMANIA RETAIL REGIONAL CITIES 2021 REPORT

During 2020 almost 143 000 sq m of retail space was delivered in the Romanian regional cities, with approximately 82 of these deliveries consisting of shopping centers AFI Palace Brasov, developed by ...

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BUCHAREST OFFICE MARKETBEAT Q4 2020

The modern office stock of Bucharest almost reached the 3 million sq. m threshold (excluding owner occupier buildings and approximately 3.1 million sq. m including those as well), while the vacancy ra...

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ROMANIA RETAIL MARKETBEAT Q4 2020

Presently, new schemes or extensions to existing projects totaling around 50,000 sq. m are under construction and expected to be delivered by the end of the year, while a number of important projects ...

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BUCHAREST LAND MARKETBEAT 2020

In 2020, the total volume invested in land acquisitions in the Bucharest – Ilfov region reached €194 million, reflecting a 6.5% decrease compared to 2019. The analysis includes 27 deals with an averag...

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BUCHAREST HOSPITALITY MARKETBEAT H2 2020

Hotel transaction volume reached EUR 9.5 million in 2020, down 82% from approximately EUR 52 million in 2019. However, investor interest in Bucharest remains relatively strong, due to a clear basis fo...

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ROMANIA INDUSTRIAL MARKETBEAT Q4 2020

The demand for logistics space reached a new quarterly record in Q4 2020, with a total leasing activity of almost 413,000 sq. m, up 45% when compared to Q3 2020 and more than double compared to the sa...

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ROMANIA INVESTMENT MARKETBEAT H2 2020

A -12.2 q/q economic decline was recorded in Q2 2020 followed by the first steps towards recovery in Q3, when a 5.8% q/q growth was noted. Retail sales recorded a surprising 2.1% y-o-y increase during...

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WHAT TO WATCH IN 2021: NINE SIGNS OF RECOVERY IN REAL ESTATE

The reality of an effective vaccine and the prospect of widespread vaccinations has sparked hopes for 2021 and speculation about recovery. Cushman & Wakefield Research has identified nine signs to wat...

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MILLENNIALS AND COVID-19: THE UNLUCKY GENERATION

Millennials have been more affected by the pandemic than other generations. Having attended school during the Dot.com crash, they came of age during the Great Financial Crisis (GFC), and now find them...

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COVID-19 IMPACT SURVEY ON THE HOTELS IN ROMANIA H2 2020

COVID-19 has had a very rapid and drastic impact on the Romanian hotel sector. This second survey was completed between 10.10.2020 – 4.12.2020, over a period of 4 weeks. Hoteliers are defined as the h...

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