2022 marks the second consecutive year of positive growth for Romania’s economy following the global reset experienced in 2020.
2022 will be remembered as an exceptional year for the Romanian investment market, as the total investment volume exceeded the historical milestone of EUR 1.0 bln. by more than 25%.
The total leasing activity in 2022 involved 295,300 sq m. The upward trend of transactional activity indicates a steady recovery of the leasing market and working at the office gaining a larger share in the hybrid working schedule.
At the end of 2022, Romania's industrial stock gathers 6.59 mln. sq m of modern spaces, as a record amount of new supply of 895,000 sq m were added throughout the year.
Seventeen new entries opened stores in Romania throughout 2022. The continuous addition of modern products to the country’s retail stock and the well-known Romanian spending habit encouraged new companies from various industries to expand or enter the local market.
More than 220 hectares of development land were transacted throughout Romania during 2022. In terms of future use and what buyers plan to develop on their newly acquired plots, the development sites with industrial potential were the most accounted for 41% of the overall transacted surface.