OFFICE
The companies are still in search of qualitative upgrades, in Bucharest, despite the slowing down of deliveries, also impacted by the evolution of hybrid working, according to CBRE’s 2023 European Occupier Survey.
PRODUCTION FACILITIES
Central and Eastern Europe (CEE), including Romania, are actively benefiting from the relocation of production facilities from far-away locations, such as Asia, closer to markets of consumption particularly because they offer a significant cost differential to Western European locations, especially for labor, according to the EMEA Nearshoring 2023 study performed by the Cushman & Wakefield.
RETAIL
–The total turnover achieved by the large retailers increased by 16.3% in 2022 compared with 2021, with Cosmetics, Clothing and Food & Beverage operators recording the highest y-o-y growth rates, according to the Romania Retail Snapshot 2023 study performed by the Cushman & Wakefield Echinox, based on the financial results of 114 companies from 12 different segments.
–The total stock of modern retail spaces in Romania reached 4.11 million sqm in the first quarter of 2023, the latest report “Romania Retail Market Snapshot” revealed.
