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Related news

Macroeconomic uncertainty, consumption contraction and interest rates are the main concerns for real estate investors

Macroeconomic uncertainty, consumption contraction, interest rates and also inflation are the main factors which may impact the Romanian real estate market, according to the real estate investors and developers who responded to the second edition of the Cushman & Wakefield Echinox “Real Estate Investors Sentiment Barometer”.

The average office transaction size increased by 35% in 2023 compared with 2022 while approaching the record level set in 2019

The average office transaction size during the first 9 months of 2023 has been of 1,810 sq. m, the highest average registered in the last 4 years and close to the record level of 1,900 sq. m set in 2019, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

The number of sold properties increased in H1 2023, but the average price per asset decreased by more than 50%

The number of sold income – generating real estate properties (office, retail, industrial & logistics spaces and hotels) during the first half of 2023 increased by 30% when compared with the same period of last year, but the average price per property decreased from €24 million to €11 million. Therefore, the transactional volume has seen an y-o-y decline of 43%, to a level of €181 million, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

Oregon Park achieved the Well Health & Safety certification

Oregon Park, one of the largest and most sustainable office projects in Romania, owned by the Lion’s Head investment fund, achieved the Well Health & Safety certification, granted by The International WELL Building Institute (IWBI). The certification recognizes the implementation of measures that ensure a work environment with a positive impact over the health and well-being of employees.

Office rents in Bucharest increased by up to 16% in the last 12 months

Office rents in Bucharest increased by up to 15.8% in the last 12 months (June 2023 vs. June 2022), with the prime headline rent in the CBD area (Piata Victoriei – Aviatorilor)reaching €22.00/ sq. m/ month, an increase which also translated to other submarkets, according to data from Cushman & Wakefield Echinox.

The level of costs and the access to talents are the top drivers for companies when leasing office spaces

Occupiers consistently identify the level of costs and the access to talents as the top drivers of corporate real estate (CRE) strategies, with particular importance also given to ESG standards, according to the “What Occupiers Want” study conducted by the Cushman & Wakefield real estate consultancy company based on a global survey.

Cushman & Wakefield Echinox diversifies its range of services offered to office segment

The Cushman & Wakefield Echinox real estate consultancy company diversifies its range of services offered to office building landlords through the Asset Services department and launches a new business line that aims to create and implement programs and events, as well as to identify tools to support tenants in their efforts and strategies to attract and retain talents in offices.

Promotions at Cushman & Wakefield Echinox: Bogdan Marcu becomes Partner Capital Markets and Dana Radoveneanu Head of Retail Agency

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.

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