Brasov has a total stock of 155,000 sqm and a future development pipeline of an additional 25,000 sqm, representing less than 5% of Romania’s total modern office stock. The prime rent is 13 Eur/sqm, whereas the occupancy rate is slightly above 86 %, reflecting a slower take-up in 2022. The prime yield stood at 8.5% in 2022, as indicated by the data of CBRE Romania.

„The hybrid work style is an increasingly widespread trend among large employers in the country as a result of the pandemic, and AFI supports employers by offering flexible, modern office spaces that comply with the new efficiency standards. In Brasov, we offer alternative solutions both on the short term, with the option of renting coworking spaces located in the office building, as well as on the long term, in the second phase of AFI Park Brasov”, Emma Toma, Head of Office Division, AFI Europe Romania

The residential sector has been the most dynamic in recent years and remains so, considering that Brașov is attracting residents from several areas of the country: Transylvania (Oradea, Arad, Târgu-Mureș), Southern Moldova, as well as Bucharest. The central and semi-central areas host small and medium-sized projects, while the adjacent Bartolomeu, Tractorul and Noua areas attract large-scale projects targeting the mass-market segment. According to imobiliare.ro, the medium prices for newly built units vary between 1,708 – 2,500 Euro/ net sqm + VAT.

Brașov is on the map of emerging logistics and industrial development hubs, thanks to its strategic location, which connects the north, south, west and east of the country. The main industrial and logistics developers and investors from Romania are present in Brașov, securing significant land to support a future influx of business in the region. The developers are working on projects with an area of 48,000 sqm in various areas of the county.

“Brasov is the fastest growing market for our portfolio in Romania, translating a long-lasting need for class A developments around the production facilities in the western part of the city.

Brasov is one of the few destinations in Romania that managed to source enough labour force for the fast-growing production companies present here that encouraged other suppliers to enter the market. The attractiveness of the city and social life in Brasov is a magnet for both blue- and white-collar personnel. Once companies have a strong commitment for the region,

logistic service providers start establishing permanent hubs to operate the volumes produced here”, Dana Bordei, Commercial Country Manager, VGP

The local retail sector is dominated by the two major developments: AFI Mall and Coresi Shopping Resort. The sharp development of the residential sector, however, has created new opportunities for proximity retail. According to RPC data, there are two retail parks totaling 30,000 sqm under development in the city.