Insights

Uncertainty shaped 2025, while greater operational stability is expected to define 2026. Although some geopolitical and policy risks have moderated, construction cost pressures remain elevated and supply chain strains have re-emerged, with the Global Supply Chain Pressure Index above its long-run benchmark. Construction sector sentiment is improving, with firms anticipating higher activity as credit conditions gradually ease and pipeline visibility strengthens. Greater clarity around ...

European leasing and investment markets held firm in the face of the geopolitical headwinds in Q2. Rental growth was positive for all sectors at the All Europe level, with yields in a majority of markets remaining stable, although they have started to soften in some geographies and sectors. Find more: https://cwechinox.com/insights/romania-retail-snapshot-2026-2/

A gross take-up volume of 85,000 sq. m was registered in Q4 in Bucharest, while the total for the year reached 282,200 sq. m, corresponding to a 23% decrease compared with 2024. The net take-up had a 53% share in the volume (vs 44% in 2024), which brought the vacancy rate down to 12.1% (vs 14.2% in Q4 2024 and the lowest level since ...

The first half of 2026 recorded a total investment activity of €211.1 million, marking a 46% decrease compared to the same period last year. However, following the completion of AFI Europe’s acquisition of a portfolio of six retail parks from MAS Real Estate and several smaller transactions, during the first seven months of the year, the total investment volume has already exceeded the level ...

A gross take – up of 60 ,400 sq . m was recorded in Bucharest in Q 2 (vs . 49 ,100 sq . m in Q1), thus bringing the total H1 take – up to 109,500 sq . m, reflecting a 10% decrease when compared with the same period of last year . Net take – up had a solid 73% share in ...

The 2026 edition of the Bucharest Office Market report reflects a market that is gradually regaining equilibrium after a period of adjustment, demonstrating resilience in prime locations and a growing divergence in performance between established core areas and more peripheral submarkets. Find more: https://cwechinox.com/app/uploads/2026/04/Bucharest-Office-Market-2026.pdf

As cities adapt to the pressures of climate change, demographic shifts, and economic transition, large-scale urban regeneration has become a vital mechanism for revitalising ageing infrastructure, addressing structural inequality, and embedding long-term sustainability. Consequently, financial considerations drive decision-making, shaping what gets built, when, and for whom. The most urgent regeneration needs lie in delivering social and environmental outcomes, particularly through affordable and social housing, ...

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 more optimistic, with single digit levels being expected before the end of 2023. The monetary policy rate has also been stabilized, as it has not been increased from ...

Fully Fitted & Furnished Office Space Available for Sublease in AFI Park Floreasca Sublease a ready-to-use office space in a top A-class business campus located in northern Bucharest – offering modern amenities, excellent accessibility, and a prime location in a dynamic business hub.

The Bucharest office market could have a record year in terms of deliveries in 2019, provided that all the announced projects are finalized on time, a scenario in which modern office spaces with a total area of ​​about 377,000 square meters will have been delivered in the capital city. In the first half of the year, 128,000 square meters have been delivered, consisting of ...

As the stay-at-home restrictions are lifted, organizations are beginning to bring employees back into the physical workplace. The “Recovery Readiness: A How-to Guide for Reopening your Workplace,” outlines some of the best thinking, insights and practices compiled globally. The recommendations have already been successfully implemented internationally and at Cushman & Wakefield Echinox office. This comprehensive guide is the first step in applying the health ...

In Q1 2020, new deliveries totaling almost 81,000 sq. m have been completed, a level almost similar to the same period last year. Covid-19 pandemic impacts the leasing activity In Q1 2020, total leasing activity in Bucharest was of 52,000 sq. m, with net take-up having a share of 75% and the West submarket attracting 48% of the total demand. The pipeline remains robust ...

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 stages, demand recorded an 8.6% decrease, thus showing some initial signs of recovery.

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 with “the return to normality” and experience a lack of socializing with their colleagues, according to Cushman & Wakefield Echinox “Back to the Office” study. The ...

Back 2 Office Study shares Cushman & Wakefield Echinox research findings resulted from a survey applied between 21-29 May 2020 on a number of 33 office occupiers companies from Bucharest and Cluj with a total of over 17,000 employees working in office buildings. With the ease of travel restrictions imposed by the Covid-19 pandemic, companies will begin to resume their activity in the office ...

The total new supply for the first nine months of 2020 reached 124,000 sq. m, reflecting a 35% y-o-y decline. The modern office stock of Bucharest reached 2.9 million sq. m. Covid-19 remains a leasing activity disruptor In Q3 2020, the total leasing activity in Bucharest was of 63,600 sq. m, with net take-up having a share of only 46%, since most transactions were ...

The “Back to office: An office employees survey” outlines how the employees managed to adapt to the new working conditions, with the advantages and disadvantages of the new work from home or from the office experience. Employees will migrate towards a hybrid working environment, therefore office developers will have to adapt their projects to the new work-frame. The October 2020 Edition is the result ...

The “Recovery Readiness: A How-to Guide for Reopening your Workplace” outlines some of the best thinking and practices implemented with success by Cushman & Wakefield and compiled globally with insights from key partners. The September 2020 Edition has new material from our ongoing work with clients, employees and survey responses: examples of the strategies and actions, additional insights from our XSF@home survey of more ...

The most active market remains Bucharest, with projects of about 340,000 square meters scheduled for delivery by the end of 2021. At the end of the first semester, the modern office stock in Bucharest was about 2.9 million square meters leasable area, without taking into account the buildings occupied directly by the owners. Bucharest Office Market 2020 shares Cushman & Wakefield Echinox latest research ...

The most active market after Bucharest, with projects scheduled for delivery by the end of 2021 are Timişoara, Cluj-Napoca and Braşov. At the end of the first semester, the modern office stock in regional cities approaches the 1 million square meters threshold, the largest markets being Cluj-Napoca (347,000 sqm), Timişoara (245,000 sqm) and Iaşi (226,000 sqm). Romania Office Market Regional Cities 2020 shares Cushman ...

The health and safety guide translated in Romanian contains the best international and national insights and practices for the safe returning of employees in office buildings and how to adapt to the new normality. The recommendations have already been successfully implemented internationally and at the Cushman & Wakefield Echinox office. We look forward to learn more about how we can help. For more details, ...

This study is the second in a four-part series that provides a new perspective on COVID-19’s impact on the commercial real estate (CRE) industry and the future of the office. The office is more than just a building – it’s a place where people come together to build connections, collaborate and innovate. The global pandemic has accelerated an evolution of the workplace and forced ...

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 watch, signals that could indicate the CRE market and the global economy are transitioning to a recovery phase. Discover them downloading the study.

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 rate increased to 12.5% overall.

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 should reach approximately 1.3 million sq. m in the next 5 years. An increasing development activity has been noticed, especially when compared with the 2021 – 2022 period, when close to 70,000 sq ...

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 Vacarescu submarkets. There is still a significant discrepancy between A and B-class projects in terms of vacancy rates, a difference which could be addressed through investments made with the purpose of modernizing and ...

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 total 2022 new supply to 124,000 sq. m GLA, the lowest such total since 2015. Therefore, the office stock in Bucharest was of 3.32 million sq. m at the end of ...