CBRE | Romania Feed

The office sector in capital city Bucharest shows a positive fluctuation in terms of total leasing activity, after the first three months of 2024, being 71% higher than in the same period of 2023, according to data from real estate consulting firm CBRE.

Despite many challenges faced by the retail market the industry shows a great evolution, as per the Turnover Retail 2023 market study powered by CBRE, the global and national leader in commercial real estate services and investments.

Romania's stock of modern industrial space reached 6.91 million square meters in the first half of 2023, after the delivery of 223,000 square meters since the beginning of the year, data from real estate consultancy CBRE show.

Industrial & logistics spaces will play a crucial role in solar energy, as more than half of it will be provided by rooftop solar PV by 2030, as per a study by CBRE, the global leader in commercial real estate services and investments.

Romania's retail sector attracted 21% of the total investment volume recorded in the first half of 2023, 7% higher than the level recorded in the same period of 2022, remaining around EUR39 million, as per data from CBRE, the global leader in the commercial services and real estate investment market.

A survey by real estate consulting firm CBRE shows there is great demand for high-quality office spaces on the local market, which will keep the demand for development or refurbishment projects at a high level.

A volume of 320,000 square meters of retail space is expected to be delivered until the end of 2023 in Romania, both in the main regional centers and in secondary cities, of which no less than 74% of areas under construction are retail parks and 26% are intended for large shopping centers, as per data from real estate consulting firm CBRE.

Romania's real estate market saw record investments in 2022, passing a historic milestone of EUR1.25 billion, which translates into an increase of 36% versus 2021, according to the latest CBRE report – “Market Outlook 2023”.

The self-storage market reached 25,000 leasable square meters in 2022, which represents a share of 0.2% of the total European area covering this type of storage solutions, according to the European Self Storage Industry special report launched by real estate consulting firm CBRE.

Over the last five years, the share of online sales in Central and Eastern Europe (CEE) grew by nine pp to 15%, and in four years’ time is bound to amount to 20% – according to forecasts by real estate consulting firm CBRE.

Industrial space demand remains high in 2022, particularly in the western and central areas of Romania, with developers having 500,000 square meters under construction, and 44% of the area is already pre-leased, reveals a CBRE analysis.

Only six office buildings totaling 135,700 square meters of gross leasable area (GLA) are due to be finalized in capital Bucharest in 2022 – a five-year low- but the buildings planned for 2023, estimated at 267,300 sqm, are directly included in a top three deliveries over a ten-year period, in line with an analysis by real estate consulting firm CBRE.

CBRE, the global leader of real estate consultancy market, continues to strengthen its operations in all ten countries of the CEE region and appoints Carmen Ravon, one of the most appreciated Romanian experts in retail, currently leading the CBRE Romania’s Retail team, to coordinate the retailer’s expansion in the entire CEE region as Head of […]

CBRE, the leader of the real estate consultancy market, advised TOPBAND Europe in the leasing process of a 11,000 sq m area of industrial spaces in the Olympian industrial park in Timișoara. This transaction represents the entry of the Chinese company into the Romanian market.   „Our client, TOPBAND, solicited our expertise to identify the […]

CBRE, leader in the real estate consultancy market, advised Eli Lilly and Company (NYSE: LLY) in the process of renewing its offices from Bucharest Business Park (BBP), a project owned by CA Immo in the north-west of Bucharest.   Eli Lilly occupies around 900 square meters of office in Bucharest Business Park. Certified LEED Gold, […]

Total industrial leasing activity in Romania grew 43% on the year in the first quarter, to 264,400 square meters, real estate consultancy company CBRE said in a report.

Real estate investments in Romania totaled EUR98 million in the first quarter of 2021, lower by 19% compared with the level reported in the same period in 2020, per the quarterly report of CBRE, leader on the real estate consulting market.

The modern industrial space stock exceeded the threshold of 5 million square meters in 2020 and is expected to reach approximately 5.5 million sqm in 2021, with over 60% of the area under construction being pre-leased already, per Romania Industrial Destinations research report released by real estate consulting firm CBRE.

CBRE, leader in the real estate consultancy market, continues its rapid development and strengthens its Romanian management team with the recruitment of a new talent, Mihai Patrulescu, to lead the Investment Properties department.   “Commercial real estate investment volumes in Central Eastern Europe (CEE) reached €13 billion in 2020 and we expect a gradual recovery […]

Around 240,000 square meters of office spaces were transacted in Bucharest in 2020, a similar level to 2015, as most companies postponed decisions and 60% of the total were relocations, real estate consulting company CBRE said in a report Monday.