In 2025, Romania\u2019s real estate market was estimated at approximately \u20ac1.16 trillion, recording an annual growth rate of 2.21%, driven primarily by trends in residential prices, according to a new EY study. Residential properties accounted for approximately 75% of the total market value, while the commercial real estate segment (office buildings, retail spaces, warehouses, and industrial properties) accounted for the remaining 25%. Although residential growth remained the main driver of volume, commercial assets continued to support investment activity and transaction value.<\/p>\n\n\n\n
At the end of 2025, Romania had approximately 8 million sqm of industrial space, 4.7 million sqm of modern retail space, and 3.4 million sqm of modern office space in Bucharest. A notable aspect is the lack of new office space deliveries in 2025 \u2013 a first for the capital \u2013 which consolidated rental stability and limited downward pressure on values.<\/p>\n\n\n\n
Prime retail rents in Bucharest have stabilized at EUR 80\u201385\/sqm\/month, reflecting strong tenant demand for dominant shopping centers. Industrial rents have seen a slight decrease to EUR 3.8\u20134.8\/sqm\/month, driven by increased supply and a more cautious approach from occupiers. Across all segments, yields have generally remained stable, signaling continued investor confidence in Romanian income-generating assets.<\/p>\n\n\n\n
Outlook for 2026<\/strong><\/p>\n\n\n\n Prospects for 2026 remain favorable, but within an increasingly selective context.<\/p>\n\n\n\n Segment commercial<\/strong> It is projected to grow by approximately 1.21% per year over the next 3\u20135 years, a more moderate pace compared to the residential sector, but one that reflects the maturing of the market and greater investment discipline.<\/p>\n\n\n\n Assets in the sector industrial-logistic<\/strong> are expected to remain the focus of investors, supported by nearshoring trends, expansion of production capacities, and infrastructure investments funded by European funds.<\/p>\n\n\n\n The sector of retail<\/strong> enters a new development cycle, with approximately 700,000 sqm of modern retail spaces expected to be delivered in the next five years, mainly outside of Bucharest. These developments generate opportunities but also increase execution risks, particularly regarding location selection, tenant mix, and financing structure.<\/p>\n\n\n\n For investors and companies, success will depend on discipline in pricing, differentiation through asset quality, alignment with ESG criteria, and access to financing. Transaction durations are expected to remain extended, and their complexity to increase, particularly for platform acquisitions, mixed-use developments, and portfolio restructurings.<\/p>\n\n\n\n