Massive investments propel Romania's commercial property market
Romania's commercial real estate market is experiencing an unprecedented surge, with a staggering investment of over €1.5-2 billion earmarked for 17 major projects.
These developments, slated for completion by 2027, will collectively introduce an impressive 887,400 square meters of new commercial space.
This robust pipeline signals a dynamic market ripe with opportunities for businesses looking to expand or establish their presence in Central and Eastern Europe.
Key opportunities for businesses: office & industrial spaces
While retail currently leads investor preference, the development pipeline includes substantial allocations for both industrial and office sectors, directly addressing the needs of businesses like yours. According to calculations based on data from Cushman & Wakefield Equinox, the breakdown of these new spaces is as follows:
Industrial sector: Approximately 367,100 square meters of new industrial and logistics spaces are under development, representing a significant expansion for warehousing, distribution centers, and light manufacturing facilities. This offers modern, efficient solutions for logistics and supply chain operations.
Office sector: Around 132,300 square meters of new office spaces are planned, providing businesses with state-of-the-art working environments designed for productivity and growth. These modern offices cater to diverse business needs, from corporate headquarters to tech hubs.
Retail sector: A substantial 388,000 square meters of retail space, including large-scale developments like Cluj Mall (130,000 sqm) and Rivus Cluj (120,000 sqm), underscores the strong consumer market and complements the overall commercial ecosystem.
The total projected value of these new spaces highlights the confidence investors have in Romania's economic trajectory: approximately €970 million for retail, €367 million for industrial, and €330 million for office spaces.
Why invest in Romania's commercial real estate now?
This wave of development reflects a mature and growing market, offering businesses access to modern, high-standard facilities. The emphasis on new constructions ensures that future tenants will benefit from contemporary design, energy efficiency, and strategic locations, often with improved infrastructure. For companies scouting for prime office locations or expansive warehouse facilities, Romania presents a compelling value proposition.
As these 17 major developments progress towards their 2027 completion, the availability of cutting-edge commercial spaces will expand significantly, providing businesses with ample choice to secure optimal operational bases. This sustained investment underscores Romania's position as a key player in the European commercial real estate landscape.
Source: zf.ro
