Colliers | Romania Feed

Romania had the fastest construction growth in the EU in the post-pandemic period and has the highest weight of the sector in GDP, of 8%, but the strong break in highway completion in 2025 against 2024 is a worrying sign, according to Colliers consultants.

Demand for Bucharest modern office spaces has declined by around one third in 2025, mainly on the curtailed activity of IT&C companies, which generated only 10% of total leases in the first nine months of the year, the lowest level since 2010, in line with data provided by real estate consultancy Colliers.

Modern retail has increasingly focused lately on small and medium-sized cities, as localities with below 50,000 inhabitants have a modern commercial space stock of around 70 square meters per 1.000 inhabitants, a value that is 2 to 11 times lower than in the other countries of the CEE-6 group (Bulgaria, Czechia, Poland, Romania, Slovakia, Hungary), according to Colliers.

Romania hospitality industry in the first half of 2025 registered a 19% turnover increase, the third largest advance in the EU, after Greece (35%) and Hungary (22%), in line with Eurostat data quoted by Colliers, but the advance was primarily supported by price hikes and not by high tourist numbers.

Romania transport and logistics companies in 2023 reported almost 29 billion tons-km transported on roads, 69% more than ten years ago, the fastest growth pace in the EU and more than triple the bloc average, in line with Eurostat data quoted by Colliers.

Romania’s residential market saw a sharp acceleration in July 2025, recording record apartment sales both in capital city Bucharest and in other major cities, against the backdrop of the government announcing the increase in the standard VAT rate to 21% from 19%, effective August 1, 2025, according to data from real estate consulting company Colliers..

Romanian investors have acquired nearly EUR1.8 billion worth of commercial real estate assets in Romania over the last ten years, accounting for one-fifth of all transactions during this period, a ninefold increase compared to the previous decade, according to Colliers data.

Leasing transactions in modern office buildings in capital city Bucharest exceeded 100,000 square meters in the first half of 2025, which is lower by more than a third compared to the same period of 2024 – a sign that the market remains cautious amid both domestic and international uncertainties, according to Colliers consultants.

Romania owns approximately 11% of CEE-6 stock of modern leasable industrial spaces, a similar weight with that of five years ago, as all the markets in the region have witnessed rapid expansion, reveals a regional survey conducted by Colliers.

Romania construction field started 2025 with an 8.5% increase in the first four months from the year-earlier period, with infrastructure works posting the biggest advance, of over 15%, while the non-residential segment had an almost 2% decline, in line with data analyzed by Colliers.

Romania boasts the third fastest growth pace globally in terms of expenditure on dining out, after Turkmenistan and China, among almost 80 countries analyzed from Europe, Asia and North America, in line with Oxford Economics data quoted by Colliers.

According to Colliers, Romania's real estate investment market could return to an upward trend in the second half of 2025 provided that several major ongoing transactions are finalized and price expectations align with market demand and supply, as per an analysis by real estate consulting company Colliers.

Bucharest’s modern stock of leasable industrial and logistic spaces has expanded almost four times in the past 10 years, with Romania’s capital city now ranking 7th among the EU’s most dynamic markets and fifth in terms of growth between 2015-2025, in line with Colliers data.

Romania is increasingly attracting the interest of investors looking at CEE for industrial or office spaces, partially owing to government incentives that can cover as much as 70% of eligible costs, reads Colliers report “How Government Incentives Shape Industrial & Office Real Estate in CEE”.

Bucharest's office market is experiencing a major shift, marked by limited supply and increasing rental costs for prime spaces, according to a report by Colliers.

Bucharest office market in 2024 registered the lowest level of deliveries in the past two decades, with a single major project completed, AFI Loft, of around 16,000 square meters, reveals Colliers’ annual report.

Romania’s land market remained stable in 2024, with the volume of transactions nearing EUR450 million, similar to the level recorded in 2023, despite an economic and political climate marked by uncertainty, according to Colliers’ annual report.

Romania’s hotel market is undergoing a period of fast growth, reaching a 30-year high of over 25 overnight stays in 2024, supported by a rising number of foreign tourists and high demand for modern hotels, reveals Colliers annual report.

New house deliveries dropped by 15% last year nationwide and by over 20% in Bucharest, while demand rose by 7%, reveals Colliers annual report.

CEE office markets are undergoing a transformational process and Bucharest, beside Warsaw, Prague and Budapest, are standing out by a rising stock of green buildings and integration of sustainability standards, read Colliers’ “CEE Office Markets on the Green Path-Decarbonisation Potential” report that analyses the office markets of 11 cities in the region.