The advance comes as rents continue to rise on the main segments of Bucharest’s real estate market and investment yields remain above those in Western Europe.
On the retail segment, prime yields stood at 7%, reflecting continued retailer demand and increasing confidence in Bucharest’s prime retail locations.
In the office sector, Bucharest recorded a benchmark of €22/ sq. m/ month, representing a 4.8% annual increase, broadly in line with the strongest-performing office markets in the region.
The logistics market also maintained its upward trajectory. Prime rents increased by 2.1% y-o-y to €4.8/ sq. m/ month, while prime yields remained stable at 7.5%, among the highest levels across Europe.
According to Cushman & Wakefield Echinox, the combination of competitive occupancy costs, strategic location and expanding infrastructure enhances both Bucharest’s and Romania’s attractiveness for logistics operators and industrial occupiers.
“The European real estate market continues to be shaped by the occupiers’ focus on quality assets and the investors’ preference for markets offering an attractive balance between income return and long-term growth potential. In this context, Bucharest remains well positioned within the CEE region, combining solid occupier fundamentals with investment yields that are among the most competitive in Europe. The performance recorded across the office, retail and logistics sectors highlights the market’s resilience and its growing maturity compared with other regional capital cities,” stated Vlad Saftoiu, Head of Research, Cushman & Wakefield Echinox.
The CEE office markets recorded an average annual rental growth of 5.0%, while logistics rents increased by 0.8% and retail rents by 7.4%.
(English version by Catalina Apostoiu)