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Today's changing real estate market dynamics and the volatile world in which our industry operates require knowledge and intelligence to create competitive advantage like never before. Jones Lang LaSalle's industry-leading research group delivers market analysis and insights that drive value in real estate decisions and support successful strategies for our clients.

The Jones Lang LaSalle European research team, based in each of the main Central European offices, monitors these markets on a regular basis and produces quarterly statistics to enable an informed analysis of recent activities as well as past and future trends. We would be delighted to answer any of your questions relating to the markets covered in this report and on real estate issues affecting your company in Bucharest or the Central European region as a whole.

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Bucharest City Report Q3 2013
 
In Q3 2013, gross office take-up recorded a 50% increase q-o-q. Companies from the financial services, IT&C, and manufacturing and industry areas were the most active. The number of international companies considering opening offices in Romania for new business or for relocating operations from other countries has increased.

The most notable retail openings for the rest of the year are those  of Promenada Mall in Bucharest (developed by Raiffeisen Evolution) and AFI Palace in Ploiesti (developed by AFI Europe). Retailers continue to focus mainly on prime projects. The highest rents are achieved in Baneasa Shopping City and AFI Palace Cotroceni

During Q1-Q3 2013, gross industrial take-up activity in Romania registered a record level, almost 2.5 times higher when compared with the same period of last year, focused on Bucharest, Iasi and Timisoara. Romania is increasing in importance as a manufacturing hub, especially attracting automotive related foreign direct investments, but also green energy.
 

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Contacts
  andrei vacaru
Andrei Vacaru
Head of Research & Consultancy
+40 21 302 3400
andrei.vacaru@eu.jll.com
 
 
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