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NEW YORK’S FIFTH AVENUE CROWNED WORLD’S MOST EXPENSIVE SHOPPING STREET; BUCHAREST HAS MOVED UP ONE POSITION, AND IS PLACED JUST BEHIND WARSAW

Best in class physical retail passes Covid-19 ‘stress test’ with global rebound in rents; Luxury brands showing resilience and cities experience increase in leasing activity; Cushman & Wakefield’s global report tracks 92 cities November 2022 – New York’s Fifth Avenue has reclaimed i [...] Read more

THE CUMULATIVE TURNOVER OF THE 6,000+ STORES OPERATED BY LARGE RETAILERS IN ROMANIA INCREASED BY 20%, MORE THAN THE INFLATION RATE AND THE NATIONAL CONSUMPTION GROWTH

Bucharest, November 2022: 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 consumption growth rate pertaining to the last two years (12.5%), and over the tot [...] Read more

PRIVATE INVESTORS, MAINLY ACTIVE IN THE RESIDENTIAL SECTOR, ARE NOW ALSO INTERESTED IN INCOME-PRODUCING REAL ESTATE ASSETS

Bucharest, November 2022: Income-producing properties are becoming an increasingly appreciated option for Romanian or foreign private investors who have previously been mainly active in the residential sector and who are now targeting "trophy" assets. Their focus is currently on all market segments [...] Read more

THE OFFICE RENTS IN BUCHAREST, ALTHOUGH INCREASING THIS YEAR ARE STILL AMONG THE LOWEST IN EUROPE, THUS ATTRACTING NEW IT&C COMPANIES

Bucharest, November 2022: The office rents in Bucharest are among the lowest both at regional and continental levels, an aspect which, along with the workforce availability and the competitive salary costs, represents a major point of attraction for tech companies, according to data from the Cushma [...] Read more

DEMAND FOR LOGISTICS AND INDUSTRIAL SPACES AT MAXIMUM LEVELS; ROMANIA NEEDS TO IMPLEMENT POLICIES TO SUPPORT THE DIVERSIFICATION OF THE BUSINESS AREAS WHICH COULD GENERATE ADDITIONAL DEMAND

Bucharest, November 2022: The demand for logistics and industrial spaces is close to registering a new record in 2022, a matter which is reflected in the vacancy rate, a rate of 4.3% (one of the lowest in the last decade) at the end of Q3, according to the Cushman & Wakefield Echinox real estate [...] Read more

CUSHMAN & WAKEFIELD ECHINOX: THE REAL ESTATE AND CONSTRUCTION SECTOR HAS ATTRACTED AROUND 12 BILLION EUROS OF FOREIGN DIRECT INVESTMENTS IN THE LAST 10 YEARS

Bucharest, October 2022: The real estate and construction sector has attracted around 12 billion euros of foreign direct investments (FDI) in the last ten years, as the share of this economic activity in the overall FDI stock increased to a level of 17.4% at the end of 2021, compared with 9.2% in 20 [...] Read more

PROMOTIONS AT CUSHMAN & WAKEFIELD ECHINOX: BOGDAN MARCU BECOMES PARTNER CAPITAL MARKETS AND DANA RADOVENEANU HEAD OF RETAIL AGENCY

Bucharest, October 2022: The Cushman & Wakefield Echinox real estate consultancy company announces new management promotions, by appointing Bogdan Marcu as Partner Capital Markets and Dana Radoveneanu as Head of Retail Agency. Bogdan Marcu has been working at Cushman & Wakefield Echinox s [...] Read more

DEVELOPERS ACQUIRED LAND PLOTS WHICH ALLOW THE CONSTRUCTION OF OVER 30,000 RESIDENTIAL UNITS IN BUCHAREST DURING THE PAST 2.5 YEARS

Bucharest, September 2022: Land transactions pertaining to future real estate developments with a total value of EUR 720 million were closed in Bucharest in the 2020 – H1 2022 period, a level almost double compared with the five previous semesters (H2 2017 - 2019), thus illustrating the strong app [...] Read more

THE PRIMARY REASON WHY EMPLOYEES GO TO THE OFFICE IS TO MEET THEIR COLLEAGUES; COMPANIES SPEND OVER 10,000 EUROS PER MONTH TO CREATE A CONTEXT FOR SOCIALIZING

Bucharest, September 2022: The hybrid work model is here to stay, but with it becoming mainstream, the employees’ reasons for going to the office have shifted towards socializing, collaborating and connecting with their fellow workers, and also achieving a solid work-life balance. In this context, [...] Read more

THE CINEMATOGRAPHIC MARKET HAS STARTED THE RECOVERY AFTER THE PANDEMIC, WITH THE NUMBER OF VIEWERS AND THE REVENUES OF THE OPERATORS INCREASING

Bucharest, September 2022: The Romanian cinematographic market has started the recovery from the declines faced during the pandemic but is still far from the figures recorded between 2016 and 2019. The high demand for movies after a long period of restrictions is likely to propel the cinema sector t [...] Read more

INDUSTRIAL AND LOGISTICS SPACES TOTALLING 542,000 SQ. M WERE LEASED IN H1 2022, AN Y-O-Y INCREASE OF 50%

Bucharest, July 2022: 542,000 sq. m of industrial and logistics spaces were leased in H1 2022, a 50% increase compared with the same period of 2021, according to data from the Cushman & Wakefield Echinox real estate consultancy company. The volume transacted in Q2 was of approximately 240,000 sq [...] Read more

INFLATION AND THE REAL ESTATE MARKET: THE RESIDENTIAL, INDUSTRIAL AND RETAIL SECTORS ARE THE MOST EXPOSED, WHILE THE OFFICE SEGMENT REMAINS THE MOST RESILIENT

Bucharest, July 2022: Inflation has become a hot topic for the real estate market, as all players in the industry (tenants or investors), are experiencing the effects of rising prices in one way or another, the most exposed sectors to the inflationary pressures being the residential, industrial and [...] Read more

CUPIO, A ROMANIAN BRAND OF PROFESSIONAL COSMETICS, LEASED 3,200 SQ. M OF WAREHOUSE SPACES IN CTPARK TIMIȘOARA

Bucharest, June 2022: The group of companies which owns Cupio, a Romanian brand of professional cosmetics, leased 3,200 sq. m of warehouse spaces in the CTPark Timișoara Ghiroda project, located near the Timișoara International Airport. The transaction was brokered by the Cushman & Wakefield E [...] Read more

DEVELOPERS CONTINUE THEIR INVESTMENTS, AS OVER 500,000 SQ M OF RETAIL SPACES ARE PLANNED OR UNDER CONSTRUCTION IN ROMANIA; LIMITED PIPELINE IN BUCHAREST

Bucharest, June 2022 - Real estate developers continue to expand their portfolios of retail projects in Romania, ​​over 500,000 sq. m of new spaces being announced for the next 4 years, with 10 of the pipeline projects each having more than 10,000 sq. m, according to the Bucharest Retail Market [...] Read more

ENEVO GROUP HAS A NEW OFFICE IN THE AFI EUROPE PROJECT AFI LAKEVIEW

Bucureşti, June 2022: ENEVO Group moves its office within the AFI Lakeview owned by AFI EUROPE and located in the Floreasca-Barbu Vacarescu area in Bucharest, one of the main office hub in the country, in a transaction brokered by the real estate consulting company Cushman & Wakefield Echinox. [...] Read more

BUCHAREST OFFICE MARKET Q2 2022; THE REDUCED DELIVERIES AND INFLATION PUT PRESSURE ON RENT; THE CENTER-WEST AREA HAS BECOME THE MAIN OFFICE HUB

Bucharest, August 2022: There has only been one office delivery in Q2 2022 in Bucharest, namely the second building (25,000 sq. m GLA) of the AFI Tech Park project located in the Center – West submarket, with the total office stock in Bucharest reaching 3.3 million sq. m. This delivery pushed forw [...] Read more

THE APPETITE FOR REAL ESTATE INVESTMENTS CONTINUES TO BE HIGH; TRANSACTIONS OF AROUND 1.2 BILLION EUROS ARE IN VARIOUS STAGES OF NEGOTIATION

Bucharest, August 2022: Real estate investment transactions which amount to around 1.2 billion euros are currently in various stages of negotiation, the appetite for income-generating assets remaining at high levels, according to data from the Cushman & Wakefield Echinox real estate consultancy [...] Read more

DPD LEASED 3,500 SQ. M OF WAREHOUSE SPACES IN VGP PARK ARAD

Bucharest, August 2022: The DPD courier company continues its expansion in Romania by leasing 3,500 sq. m of warehouse spaces in the VGP Park Arad project, located near the A1 highway, a transaction brokered by the industrial department of the Cushman & Wakefield Echinox real estate consultancy [...] Read more

CUPIO, A ROMANIAN BRAND OF PROFESSIONAL COSMETICS, LEASED 3,200 SQ. M OF WAREHOUSE SPACES IN CTPARK TIMIȘOARA

Bucharest, June 2022: The group of companies which owns Cupio, a Romanian brand of professional cosmetics, leased 3,200 sq. m of warehouse spaces in the CTPark Timișoara Ghiroda project, located near the Timișoara International Airport. The transaction was brokered by the Cushman & Wakefield E [...] Read more

CUSHMAN & WAKEFIELD ECHINOX STRENGHTENS ITS ASSET SERVICES TEAM BY APPOINTING ROXANA NICOLAE AS WORKPLACE MANAGER

Bucharest, May 2022: Cushman & Wakefield Echinox  consolidates the Asset Services department by appointing Roxana Nicolae as Workplace Manager. Roxana Nicolae has 17 years of experience in Integrated Facilities Management for corporate clients, such as Bitdefender, Adobe or Superbet. In her [...] Read more

BUCHAREST METRO TRAFFIC DOUBLED IN MARCH AFTER THE PANDEMIC RELATED RESTRICTIONS WERE LIFTED; EMPLOYEES ARE GRADUALLY RETURNING TO THE OFFICE

Bucharest, May 2022: The number of metro passengers increased by 53% in Q1 2022 compared with the same period of 2021, a record for the last two years being registered in March, once the pandemic related restrictions were lifted, which indicates a gradual resumption of activity in the Bucharest offi [...] Read more

DEMAND FOR INDUSTRIAL AND LOGISTICS SPACES INCREASED BY 50% IN THE FIRST QUARTER. 2022 COULD SET A NEW TRANSACTIONAL RECORD

Bucharest, May 2022: The leasing of industrial and logistics spaces increased by 50% in the first quarter of 2022 compared with the same period of last year, exceeding the 300,000 square meter threshold, thus creating the premises for a new record year in terms of demand for this type of spaces, acc [...] Read more

MORE THAN 72,000 DWELLINGS WERE DELIVERED IN 2021 IN ROMANIA, A RECORD LEVEL SINCE 1989; INCREASED PRESSURE IN 2022 DUE TO THE MANY UNCERTAINTIES WHICH MAY REDUCE BOTH DELIVERIES AND TRANSACTIONAL VOLUMES

Bucharest, April 2022: 72,522 units were delivered across Romania in 2021, a record level on the residential market since 1989, marking a 7% increase compared with 2020, according to an analysis performed by the Cushman & Wakefield Echinox real estate consultancy company based on county statist [...] Read more

THE TOTAL VALUE OF THE APPRAISED ASSETS INCREASED BY 40% IN 2021 DUE TO ADDING LARGER PROJECTS IN THE PORTFOLIO

Bucharest, April 2022: The valuation department of the Cushman & Wakefield Echinox real estate consultancy company appraised over 380 properties with a total value of 5.5 billion euros in 2021. The valuation department’s portfolio increased by 10% in terms of the number of properties, while th [...] Read more