Pipeline projects in the upcoming period include office space centers with an average area of over 50,000 square meters, compared to office buildings with an average area of 20,000 sqm, which have been traded so for, the report reads.
Moreover, the total volume of real estate investments estimated for 2018 will exceed the threshold of EUR1 billion, and yields for retail, office and industrial projects may fall by 25-50 basis points.
The report also says the dynamism in 2017 will also continue throughout 2018 on the real estate market, being doubled by new take-up and trends in capital Bucharest and mainly in large regional cities across Romania.
In Bucharest, the office space market saw moderate growth, seeing new deliveries of 123,000 sqm which took the modern office space stock to a total 2.3 million smq. However, the total surface area leased in Class A office spaces reached 320,000 sqm and the new take-up exceeded the threshold of 150,000 sqm, the highest level of the past years. The IT&C segment remained the main engine of take-up, generating 44% of the lease activity (140,000 sqm).