Discover the leading real estate consulting firms in Romania based on their 2024 performance, according to a market study by Profit.ro. Learn who is shaping the market and how partnering with a top broker can help your business find the perfect office or warehouse space.
The construction sector began the year on a strong note, with an 8.5% increase in the first four months compared to the same period in 2024, according to data analysed by Colliers. Infrastructure works led the way with a 15.5% jump, while the residential segment recorded a modest recovery of around 4%. In contrast, non-residential construction, including office, industrial and commercial spaces, declined by nearly 2%, reflecting subdued demand and increased caution among private investors. Optimism among construction companies, as measured by Eurostat surveys, is currently at a 3-year low, but the level itself is quite far from the pessimism seen during the initial phase of the pandemic or during past recessions seen in Romania. This suggests that based on the intel that they have, market participants only see a slight slowdown on the horizon, not a significant crash.
IULIUS, a leading Romanian developer, has secured LEED Platinum certification for five of its prime retail and office properties across four major cities. This top-tier achievement underscores a commitment to sustainability, energy efficiency, and healthy indoor environments, offering significant benefits for businesses seeking high-quality, responsible spaces. This high-level certification, coordinated by Colliers Romania, covers retail and office spaces in Suceava, Iași, Cluj-Napoca, and Timișoara.
Experts from Colliers suggest Romania's real estate investment market could see a rebound in the second half of 2025. This potential shift, driven by key transactions and price adjustments, holds implications for businesses seeking office or warehouse space.
Maintenance costs for modern office buildings in Romania have increased by approximately 10% in the budgets allocated for 2025, the most pronounced increase in recent years, according to an analysis by Colliers, one of the largest office building management companies in the country. The largest increases were generated by costs for security, fire safety, cleaning and technical maintenance, largely influenced by the increase in the cost of labor, in a difficult market context.
Romania is attracting increasing attention from investors considering Central and Eastern Europe for industrial or office developments, thanks in part to generous government incentives that can cover up to 70% of eligible project costs, according to Colliers' latest report, "How Government Incentives Shape Industrial & Office Real Estate in CEE".
Real estate consultancy Colliers is strengthening its partnership with Solida Capital by taking over the property management of Victoria Center, marking a significant step in its collaboration with one of the newest active investors in the Romanian real estate market. On a national level, Colliers Romania manages approximately 660,000 square meters of real estate in major cities such as Bucharest, Cluj-Napoca, Timișoara, Brașov and Arad, overseeing assets with an annual service charge budget of approximately 30 million euro.
2024 marks the lowest office deliveries in Bucharest in the last 20 years, according to Colliers. Colliers consultants anticipate that company expansions will be fewer and more selective compared to the pre-pandemic period. In this context, new demand could see a slight decline in 2025. The only mixed-use office project set to enter the market in 2025 is One Gallery, developed by One United, offering 6,500 square meters of space, which is already fully leased.
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