Real estate consulting company Cushman & Wakefield Echinox strengthens its office agency by recruiting Anamaria Creţu, a specialist with 18 years of multinational corporate experience.
The average office transaction size in the first nine months of 2023 was 1,810 square meters, the highest average recorded in the last four years and close to the record level of 1,900 sqm set in 2019, according to data from real estate consulting firm Cushman & Wakefield Echinox.
The foreign direct investment (FDI) stock on the construction and property deal segment reached EUR18.59 billion at end-2022, seeing the third highest growth rate among all economic sectors in 2022, after industry (EUR32.6 billion in 2022 vs EUR29.4 billion in 2021) and trade (EUR19.1 billion in 2022 vs EUR17.2 billion in the previous year), as per data from Romania's central bank, analyzed by real estate consulting firm Cushman & Wakefield Echinox
Office rents in capital city Bucharest increased by up to 15.8% over the last 12 months (June 2023 vs. June 2022), with the prime headline rent in the CBD area (Piata Victoriei – Aviatorilor) reaching EUR22 per square meter, an increase which also translated to other submarkets, in line with data from real estate consulting firm Cushman & Wakefield Echinox.