You are visiting a page on our global site but we noticed that you are in United States.
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}

Romania MarketBeat

Cristina Lupascu • 1/30/2023

The year-on-year inflation rate reached 15.9% in Q4 2022 in Romania, one of the highest levels in the European Union. Economic growth has been solid (+4.3% in 2022) as the local economy proved again its resilience considering the overall impacts of the inflationary pressures and continued conflict in Ukraine. 

Office Space Bucharest

Q4 2022 has been a very robust quarter in terms of demand with 101,000 sq m transacted, the highest quarterly amount since Q4 2019.  The total for the year reached 324,000 sq m (+8.6% compared with 2021). New supply in 2022 was just 124,000 sqm, the lowest since 2015. Vacancy rate reached 15.2%, consistent with the last 18 months.  

The prime headline rent in Bucharest continued on their upward trend in Q4 2022, reaching a level of around €20/sqm/month in the CBD area, with further increases expected in other submarkets in the following 12 months due to the low office pipeline. 

Get more data by downloading the office report.

Logistics Real Estate in Romania

The industrial and logistics market fundamentals remain strong, as the segment registered a new record year both in terms of supply and demand Thus, the total take up for 2022 was of almost 1 3 million sq m, reflecting a 28 growth when compared with 2021 with 370 000 sq m being transacted in Q4. In Q4 2022 over 337 000 sq m of warehouse spaces were completed in Romania, the development activity reaching 834 000 sq m during 2022. As a result, the modern industrial and logistics stock exceeded 6.4 million sq m nationwide. 

Even though the rising development costs and the increasing energy and land prices continued to put pressure on the new projects’ asking rents, the prime headline level stood at a level between €4.25 4.50/sq m/month in Q4. 

Get more data by downloading the industrial report.

Retail Real Estate in Romania

During Q4 2022, the retail market registered the completion of new projects consisting of 20,000 sqm GLA, bringing the total 2022 supply to almost 100,000 sqm GLA, a level in line with the last few years. Moreover, almost 600,000 sq. m of new projects are currently under different stages of construction and expected to be delivered by 2025, dominated by shopping centers (ca. 60% of the total new supply). Rental dynamics in prime shopping center locations were relatively stable in Q4 2022 at around €75-80/ sqm/ month in Bucharest. 

Get more data by downloading the retail report.

Current MarketBeat

Europa office building, Brussels
Romania office data

Office Marketbeat is a summary of the Romanian office property sector providing comment on recent trends as well as market data and analysis.

download q4 2022

loading bay, Vienna, Austria
Romania Industrial data

Industrial Marketbeat is a summary of the Romania industrial property sector providing comment on recent trends as well as market data and analysis.

download q4 2022

Nice, France
Romania Retail data

Retail Marketbeat is a summary of the Romanian retail property sector providing comment on recent trends as well as market data and analysis.

download Q4 2022

Romania Investment data

Investment Marketbeat is a summary of the Romanian investment sector providing comment on recent trends as well as market data and analysis.


More Insights

Article • Data Center

​​Dallas Data Center Update​

In 2022, the Dallas-Fort Worth data center market hit a record amount of absorption, with more than 272 MW let to a wide range of industry verticals, including cloud, social media, financial services, and insurance companies. This is the largest amount of absorption since inception.  
Bo Bond • 3/30/2023
fit out guide
Insights • Office

Office Fit Out Cost Guide

An office fit out refers to the process of designing and constructing an office space to meet the specific needs of the occupier. This can include everything from furniture and equipment to mechanical and electrical systems.
Dominic Brown • 3/29/2023
fit out guide
Research • Office

Office Fit Out Cost Guides

These Guides are an essential tool to assist in corporate real estate decision-making regarding fitting out, retrofitting & reinstating office space.


Get in touch with one of our professionals.

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All


Get in touch with one of our professionals.