Benefiting from an excellent location, in the center of Romania and only 180 km from Bucharest, Brasov attracted investments on all segments of real estate market: residential, offices, retail, logistics and hotels. The new airport expected to be inaugurated in 2023 will bring new business opportunities. A tourist destination in the very heart of the country, Brasov attracted numerous production facilities.
The annual GDP of the county reached 8.3 billion EUR in 2021. Brasov attracted a wide range of high-tech providers and pharma companies.
The modern office stock in Brasov stands at 155,300 sqm with prime rent at 13 EUR and a vacancy rate of 13.7%, as shown by CBRE Romania. Brasov hosts a wide range of high-tech providers, IT&C and pharma companies as well. NTT Data, Sykes, IBM, Cerner, Accenture, Ipsos, Xperi, Jungheinrich, Hiperdia are some of the major office occupiers in Brasov. One of the major mixed-used projects inaugurated here in recent years was AFI Brasov, a shopping mall and a 15,500 sqm office building.
CBRE indicates that the modern retail stock accounts for 175,800 sqm while the retail stock density (SQM/1,000 Inhabitants) is 607. The main retail developments in the city are Coresi Brasov (59,000 sqm) from the portfolio of Nhhod and AFI Palace Brasov (45.000 sqm) from the portfolio of AFI Europe.
In terms of logistics & industrial, the modern stock is 306,000 sqm with a vacancy rate of 0.5% and a prime rent of 3.85 EUR. The city attracted last year an important international investor. After an active presence in the West part of Romania, Belgian-based VGP chose Brasov for a new development. VGP Brasov is developed on 39-hectare plot of land, the total park being able to host up to 180,000 sqm GLA of class A logistic spaces.
An important touristic destination, Brasov is expected to attract new investors on this sector. JAKOB SONNE Resort will be developed by Certion on a 2 hectare plot in Poiana Brasov and includes 214 apartments. The project wears the signature of the famous Austrian architect Franz Janz.