Cushman & Wakefield Echinox: Romania’s regional office stock lags Poland, but long-term potential remains

The modern office stock in Romania’s main regional cities, such as Cluj-Napoca, Timisoara, Iasi, and Brasov, currently stands at approximately 1.08 million sqm, while no office project has been delivered in these markets over the past two years, according to the “Romania Office Report” released by real estate consultancy company Cushman & Wakefield Echinox.

As a result, the regional cities in question account for around 25% of Romania’s modern office stock, estimated at approximately 4.5 million sqm, even though their demographic and educational potential is comparable to or even exceeds that of Bucharest.