Posts - Cushman & Wakefield Echinox

The retail projects delivered in the last two months in Romania accounted for 80% of the entire 2024 new supply

There was no retail project completion in Q1 in Romania, but the delivery pace significantly picked up in April and May, when ~150,000 sq. m of new schemes opened (including one super regional shopping center – Mall Moldova – in Iasi). This area represents 80% of the entire 2024 new supply, acco [...] Read more

Demand slowdown, few deliveries, but signs of recovery on the CEE Office Market in Q1

Bucharest, May 2025: The office space demand slowed down in Q1 across Central and Eastern Europe (CEE), where less than 30,000 sq. m were delivered across the region, corresponding to the area of a medium - sized building, according to data from the Cushman & Wakefield Echinox real estate consul [...] Read more

Floreasca Park attracts a new major tenant: Leroy Merlin leased approximately 4,000 sq. m in the building, one of the largest office transactions of this year

Bucharest, May 2025: The Floreasca Park building in the Floreasca - Barbu Vacarescu office submarket, one of the largest business hubs in Bucharest, attracts a new major tenant, Leroy Merlin, an internationally reputed DIY retailer which leased approximately 4,000 sq. m of office space. The transact [...] Read more

Strong start of the year for the industrial and logistics market: Demand increased by 31% and the new supply tripled compared with Q1 2024

Bucharest, May 2025: The industrial and logistics market had a promising start of the year, with almost 260,000 sq. m being leased in Q1, corresponding to a robust 31% y-o-y increase, according to the Romania Marketbeat Industrial Q1 2025 report produced by the Cushman & Wakefield Echinox real e [...] Read more

Cushman & Wakefield Echinox: Encouraged by the growing performance of the Bucharest hotel market, investors will add 1,000 rooms to the current supply by 2027

Bucharest, April 2025: The Bucharest hotel market recorded further performance recovery in 2024, in terms of RevPAR and occupancy rate, while the ADR finally surpassed the milestone of 100-euro average daily rate, according to the real estate consulting company Cushman & Wakefield Echinox. Ma [...] Read more

Cushman & Wakefield Echinox provided strategic consultancy for the Mall Moldova project developed by Prime Kapital, the largest shopping center in the Moldova region and the only super-regional mall outside Bucharest

Bucharest, April 2025: The retail team of Cushman & Wakefield Echinox provided strategic consultancy for Prime Kapital, the developer of the Mall Moldova Iasi super-regional shopping center, being involved in securing renowned brands such as Inditex, Peek & Cloppenburg, IKEA or Leroy Merlin [...] Read more

Cushman & Wakefield Echinox exclusively sells a historically listed villa located on Aviatorilor Blvd., one of the most expensive properties available for sale in the Northern part of Bucharest

Bucharest, April 2025: The Cushman & Wakefield Echinox real estate consultancy company exclusively sells a historically listed villa in the Northern part of Bucharest, located on Aviatorilor Boulevard. Built in 1934 and designed by the renowned architect Duiliu Marcu, the property stands out for [...] Read more

E-commerce expansion is a major driver for the industrial & logistics market in Romania

Bucharest, April 2025: Romania is currently undergoing an accelerated transformation of the e-commerce market, generating an ever-growing demand for industrial & logistics spaces. According to the "Quo Vadis E-commerce" report released by Cushman & Wakefield, the online commerce continues to [...] Read more

Luxury retail sales in Europe slowed down in 2024, while Romania, with a 120% overall growth between 2019 - 2023, has yet to reach its full potential

Bucharest, March 2025 – The European luxury retail industry continued its growth in 2024, albeit at a more moderate pace compared with previous years. European luxury retail sales increased by 4% vs. 2023, but below the growth rates recorded in 2023 and 2022, which stood at 7% and 23%, respectivel [...] Read more

Romania's banking sector has a low exposure to commercial real estate, indicating stability and growth potential

Bucharest, March 2025 – The banking sector’s exposure to the commercial real estate market (CRE) (excluding the residential segment) exceeded RON 100 billion in September 2024, accounting for half of its total exposure to non-financial corporations. This increase, driven by the use of commerc [...] Read more

Office Fit-Out Costs in Bucharest increased by 12% in 2024, but remain among the most competitive in the CEE

Bucharest, March 2025: The average office fit-out costs in Bucharest increased by 12% in 2024 compared with the previous year, surpassing the €1,000/ sq. m threshold. This evolution aligns with regional trends, as most capital cities have seen cost increases ranging between 8-15%, according to dat [...] Read more

Over 1 million square meters of new office space leased across Romania in the last 5 years, IT sector continues to be the main driver of the market

IT companies, manufacturing & industry, and the medical & pharma sectors, have been the most active in the office leasing market over the past 5 years, generating more than half of the new demand for office spaces, according to data from the Cushman & Wakefield Echinox real estate consul [...] Read more

Cushman & Wakefield Echinox: Western European investors spent €1.75 Billion on Real Estate Assets in Romania over the last 5 years, holding a 39% market share

Bucharest, February 25, 2025: Investors from Western Europe, particularly from Austria, the Netherlands, Belgium, and the United Kingdom, have been the most active buyers of real estate assets in Romania over the past five years (2019–2024), making investments totaling €1.75 billion, according t [...] Read more

Cushman & Wakefield Echinox assisted the renowned international law firm Kinstellar throughout the entire office relocation process to Globalworth Tower, following the firm's expansion, including the sale of its former headquarters in central Bucharest

Bucharest, February 2025: Cushman & Wakefield Echinox real estate consultancy company assisted Kinstellar throughout the entire process of relocating its Bucharest office to Globalworth Tower, providing consultancy services for the sale of the firm’s former headquarters in the city center, whi [...] Read more

Increased supply of industrial & logistics spaces in 2024, as the stock reached almost 7.6 million sq. m

Bucharest, February 2025: Developers completed new projects with a leasable area of 572,000 sq. m across the country in 2024, reflecting a 27% growth when compared with 2023, while the total industrial & logistics stock in Romania reached almost 7.6 million sq. m at the end of Q4. The developmen [...] Read more

Cushman & Wakefield Echinox assisted Lion’s Head in the acquisition of a 15-Hectare plot in Popesti Leordeni

Bucharest, February 2025: The Cushman & Wakefield Echinox real estate consulting company assisted Lion’s Head, real estate investment fund currently owning assets in Romania and Bulgaria, in the acquisition of a 15-Hectare plot in Popesti Leordeni, in an important road node. This transaction m [...] Read more

Cushman & Wakefield Echinox assisted MAS PLC in the disposal of its strip malls portfolio in Romania to M Core Group

Bucharest, February 2025: Cushman & Wakefield Echinox assisted MAS PLC, a leading property investor and operator in Central and Eastern Europe (CEE), in the disposal process of the strip malls portfolio in Romania to M Core Group. The portfolio consists of 7 assets with a total GLA of approxi [...] Read more

More retail projects were delivered in 2024 compared with 2023, but the total leasable area was 15% lower; Jumbo Center was the most important project completed in Bucharest

Bucharest, January 2025: The modern retail stock in Romania reached 4.62 million sq. m, with projects cumulating around 180,000 sq. m GLA being completed in 2024, reflecting a 15% decrease when compared with 2023, while still being one of the best years in the past decade when it comes to new comple [...] Read more

Cushman & Wakefield Echinox valuated properties exceeding EUR 8.5 billion in 2024, in a market highly influenced by the political environment and the decisions aimed at reducing deficits

Bucharest, January 2025: The valuation department of the Cushman & Wakefield Echinox real estate consultancy company valuated properties totaling 5.5 million sq. m, with a cumulative value of more than EUR 8.5 billion in 2024. This corresponds to a 10% portfolio growth compared with 2023, based [...] Read more

Stabilized inflation, reduced interest rates and overall income growth drive European and Romanian Real Estate development opportunities in 2025

Bucharest, January 2025: 2025 marks a crucial stage for the European real estate market, which is undergoing a process of recovery and transformation. Favorable economic factors, such as stabilized inflation, reduced interest rates and increasing real incomes are strengthening this sector as a key p [...] Read more

Optimistic Outlook for the Romanian Real Estate Market in 2025

Bucharest, December 2024: Investors are optimistic when it comes to their Romanian portfolios over the next 12 months, a clear improvement compared with the previous year. According to the 3rd edition of the Cushman & Wakefield Echinox “Real Estate Investors Sentiment Barometer” conducted am [...] Read more

Bucharest has one of the youngest office stocks in Europe, offering a competitive edge for new tenants

Bucharest, December 2024 – With an average age of approximately 11 years, the Bucharest office stock ranks among the youngest across Europe and the CEE region. This provides a significant advantage for landlords in attracting and retaining tenants, as the city’s office spaces are less likely to [...] Read more

Calea Victoriei in Bucharest climbs two positions in the ranking of the most expensive commercial streets across the world, up to the 38th place

Bucharest, November 2024 - Calea Victoriei in Bucharest climbs two positions, up to the 38th place, in the ranking of the most expensive commercial streets across the world, as rents in Bucharest recorded the 7th highest growth among the 138 analysed markets worldwide, in the latest edition of the " [...] Read more

The demand for logistics and industrial spaces reached 575,000 sq. m. in the first 9 months of 2024, showing a 20% decline year-on-year

Bucharest, November 2024: The demand for logistics and industrial spaces reached 575,000 sq. m during the first 9 months of this year, a decrease of 20% compared with the same period of 2023, according to the Cushman & Wakefield Echinox real estate consulting company. The new demand accounted fo [...] Read more

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