The volume of Romanian real estate investment transactions for Q3 hit approximately €200m. Several large deals involving key office and industrial buildings are currently in advanced negotiation stages. JLL expects the total investment volume for 2015 will be around €800m.
The office vacancy rate in Bucharest marginally decreased by 20 bps in Q3 to the current 13.1 percent. The total retail supply on the Romanian market reached approximately 2.8 million sqm at the end of Q3, with Bucharest’s stock currently standing at just over 1 million sqm. After a relatively strong first half of the year, when approximately 86,000 sqm of industrial and logistics space were delivered, Q3 saw the delivery of an additional 39,000 sqm.
