Romania’s commercial real estate market continues to demonstrate resilience and growth, driven by macroeconomic stability, EU investment inflows, and increasing foreign interest. Bucharest remains the country’s commercial hub, while regional cities like Cluj-Napoca, Timișoara, and Iași are gaining momentum due to infrastructure improvements and strong IT and industrial growth.
Office Market: Demand for modern office space is rebounding post-pandemic, with hybrid work models reshaping occupancy patterns. Bucharest’s office stock exceeds 3.3 million sqm, with prime yields around 7%. Rents remain stable, though landlords are offering incentives to attract long-term tenants. Major tenants include IT, BPO, and financial services firms.
Retail Sector: Retail continues to perform well, underpinned by robust consumer spending and growing e-commerce. Retail parks are in high demand, particularly in secondary cities. Shopping center vacancy remains low, and developers are increasingly focused on mixed-use concepts and ESG-compliant buildings.
Industrial & Logistics: This is the fastest-growing segment, benefiting from nearshoring trends and Romania’s strategic location at the EU’s eastern border. Total logistics stock now exceeds 7 million sqm, with strong take-up in the Bucharest and West/North-West regions. Rents are rising modestly due to demand outpacing supply.
Investment Trends: Romania remains attractive for institutional investors seeking yield in emerging European markets. Although transaction volumes have moderated due to global interest rate hikes, prime assets in office and logistics sectors continue to attract capital, particularly from Austrian, Czech, and South African investors.
Outlook: Despite regional geopolitical concerns, Romania’s stable economic fundamentals and improving infrastructure support long-term commercial property prospects. EU funding, digitalization, and ongoing reforms are expected to drive continued growth, with sustainability and energy efficiency becoming key differentiators in new developments.