The local real estate market is expected to register almost 2 million sq m of new commercial properties (retail, office, industrial) delivered in 2019, representing a 37% year/year growth, according to the annual market report launched by Activ Property Services.
Full article can be viewed on our presentation website: https://www.activpropertyservices.ro/en/news/105-activ-property-services-launches-the-spring-2019-romania-real-estate-market-report
The industrial sector recorded its best ever evolution in 2018, with over 900,000 sq m GLA delivered at national level, marking a 63% annual jump. Bucharest was the most effervescent market with 360,000 sq m completed, followed by Timisoara (103,000 sq m), Pitesti (68,000 sq m) and Cluj-Napoca (61,400 sq m).
The market value of these new industrial buildings is estimated at over 471 million Euro, out of which 43% is represented by the completions in Bucharest area. New A-class buildings have average rents of 3.5-4.0 Euro/sq m/month and average yields of 8.5-9.0%.
Full article can be viewed on our valuation website:https://www.evaluari-proprietati-romania.ro/en/news/real-estate-properties-completed-in-2018.html
Full article can be viewed on our office website: https://www.spatii-de-birouri.ro/en/news/106-northern-bucharest-remains-the-first-option-art-business-center-5-attracts-two-new-tenants-and-reaches-95-occupancy-rate
Full article can be viewed on our office website: https://www.spatii-de-birouri.ro/en/news/104-bucharest-s-cbd-victoriei-square-show-signs-of-growing-activity