Although 2024 outperformed 2023 in terms of commercial real estate market performance, the total investment volume was still 18% below the annual average of €886 million recorded between 2014 and 2023.
"With increased liquidity and more active discussions in the market, we can say that yields—and by extension, prices—have now stabilized. At the start of the year, we see significant transactions underway across all segments, and despite macroeconomic uncertainties, the outlook remains largely optimistic. Several new investors targeting various projects are expected to close deals in the first half of 2025. Interestingly, most of these investors are from the region,” says Andrei Văcaru, CEE Head of Capital Markets at iO Partners.
The industrial sector accounted for the largest share in 2024, representing 40% of total investments (€290 million), followed by retail centers (31%, approximately €225 million) and office buildings (23%, €166 million).
The year's largest transactions included the sale of Globalworth's industrial portfolio, with CTP acquiring approximately 268,000 sqm and WDP purchasing another 136,400 sqm.
