Posts - Cushman & Wakefield Echinox

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

2024 is due to become one of the best years in terms of new deliveries on the retail market

Bucharest, November 2024: The new supply of retail projects could exceed the threshold of 200,000 sq. m in 2024, when considering that 140,000 sq. m of shopping centers and retail parks were delivered nationwide in Q1 - Q3, according to the Cushman & Wakefield Echinox real estate consultancy com [...] Read more

Cushman & Wakefield Echinox appointed as exclusive agent for the leasing of Jumbo Center in Bucharest

Bucharest, October 2024: The Cushman & Wakefield Echinox real estate consultancy company was appointed to exclusively manage the leasing strategy and process of Jumbo Center in Bucharest, a Jumbo anchored and partially owned modern retail destination for the whole family. Jumbo Center offerin [...] Read more

The industrial and logistics stock in Romania will reach the 8 million sq. m landmark at the end of 2025, if the current development pace is maintained; Bucharest - Ilfov and the West region account for more than 50% of the total stock

Bucharest, October 2024: The total stock of industrial and logistics spaces in Romania could reach the 8 million sq. m threshold at the end of 2025, if the recent annual development pace of ~500,000 sq. m is maintained. As of mid-year, over 7.125 million sq. m were operational nationwide, with more [...] Read more

The real estate and construction sector became the second largest recipient of foreign capital in Romania, after industry

Bucharest, October 2024: The real estate and construction sector attracted approximately €2.2 billion of foreign direct investments (FDI) in 2023, as the share of this economic activity in the overall FDI stock stood at 17.5% at the end of 2023, according to data from the National Bank of Romania [...] Read more

The minimum wage increases have been having the highest impact on office occupancy costs

The office occupancy costs in Bucharest have increased by approximately 10% over the past two years, being driven by the growth in operational costs and by the rent indexations in a period with high inflation. The most significant factors impacting operational costs have been the rise in the minimum [...] Read more

BOGNER, the renowned German Fashion Company in Athluxury Sports Fashion, enters the Romanian market with its first store at JW Marriott Bucharest Grand Hotel

Bucharest, September 2024: BOGNER, the renowned German fashion company specializing in athluxury sports fashion, globally active and represented in over 50 countries, is expanding into the Romanian market by opening its first store in the country within the shopping gallery The Grand Avenue, located [...] Read more

NewCold enters in Romania by aquiring a 9-hectare land plot from the Belgian developer WDP in the Northern of Bucharest

Bucharest, September 2024: NewCold, one of the largest automated and cold chain international logistics companies, has entered the Romanian market through a 9-hectare land plot acquisition from the Belgian developer WDP, in the Northern part of Bucharest, in the proximity of the A0 ring road. The [...] Read more

Companies leased new offices for around 8,000 employees during H1 2024, with a considerable new demand rebound

Bucharest, September 2024: The net office take-up in Bucharest across Q2 exceeded the renewal and renegociation transactional volume for the first time during the last two years, with a positive impact on the average vacancy rate, given that no new office projects were delivered in H1, according to [...] Read more

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