世邦魏理仕（CBRE）：2026年罗马尼亚房地产市场展望报告（英文版）（25页）.pdf

1、REPORT2026 Romanian Real Estate Market Outlook Resilient Fundamentals,Enduring Demand.CBRE RESEARCHFEBRUARY 2026Intelligent InvestmentExecutive Summary3ContentsMacroeconomics4Investment7Office10Retail13Industrial&Logistics16Land19Student Housing223CBRE RESEARCH 2026 CBRE,INC.Intelligent Investment20

2、26 Real Estate Market Outlook|ROMANIARomanias economyheads into 2026 on a cautiously optimistic note,as recent fiscal consolidation measures have started to improve international confidence in the countrys economic outlook.Real estate capital markets remain locally driven,with a gradual recovery sup

3、ported by income-focused strategies and stable pricing.Romanian buyers dominated Q4(c.35%of volume)and accounted for 31%of 2025 volume,while seller activity is led by portfolio clean-ups and strategic exits,rather than distress.Logistics leasing remains resilient:2025 total leasing activity exceeded

4、 1M sq m,with pre-leases at 44%of take-up,reflecting occupiers securing future capacity and upgrading to modern space.Development stayed muted(-49%YoY new supply),keeping vacancy tight(3.8%national;3.5%Bucharest)and supporting stable prime rents with modest upward pressure.Infrastructure and cross-b

5、order integration will be key themes:improved connectivity is unlocking new logistics nodes around major corridors(including A0/A7),while Romanias full Schengen accession is expected to support 3PL expansion and multi-country distribution models.Office demand is expected to stay selective and effici

6、ency-conscious,favouring well-connected,modern buildings,as fit-out costs remain a key decision factor;spillover to non-core submarkets may continue in a context of limited central availability.Retail development and occupier demand remain resilient,with continued interest in convenience-led formats