Financial results of commercial real estate companies (commercial spaces, business centers and offices, logistics premises) will be impacted this year mainly by cyber risks, climate-related regulatory actions and rising interest rates, according to Deloitte 2024 Commercial Real Estate Outlook global study. Companies in Europe are mainly concerned about the same risks, but place political instability second (instead of climate-related requirements). Regarding the evolution of real estate fundamentals, players in the field expect cost of financing (50% of companies globally and 57% in Europe) and capital availability (49% and 58%, respectively) to worsen through 2024.
On the other hand, 44% of participants (both globally and in Europe) expect an increase in mergers and acquisitions activity in the real estate market this year, mainly to diversify their asset portfolio and to add new technology capabilities. This aspect is important as 61% of global companies and 59% in Europe are still partially dependent on legacy technology infrastructure, but half of those are in transition to modern systems. 72% of global survey participants (67% in Europe) are piloting, in the early stage of implementing, or developing AI enabled solutions.
Regarding ESG (environmental, social, governance) regulations readiness, 59% of global companies (54% in Europe) lack the data, process, and internal controls necessary to meet compliance standards. However, they consider a series of sustainability related strategy initiatives in 2024, such as investing in IoT (Internet of Things) devices (45%), in risk management measurement capabilities (44%), but also in incorporating climate resilience elements into real estate developments or redevelopments (43%).
"The global economy transformations involve considerable financial efforts from real estate companies in at least two major directions. One of them is related to regulations aimed at meeting sustainability standards, which are evolving rapidly, both globally and in Europe, so the investment in compliance is becoming a priority. The European legislation also applies in Romania, and, for this reason, we expect players operating on the local market to face additional requirements from national authorities related to ESG compliance, including in the processes of issuing permits or building authorizations. The other direction to follow is the one aimed at adopting innovative technologies in order to develop smart buildings, but also to implement solutions to help real estate companies become more effective, such as property management digital solutions and legal requirements compliance tools for real estate portfolios (including permits and authorizations procedures)," said Irina Dimitriu, Partner at Reff & Associates | Deloitte Legal, and Real Estate Industry Leader at Deloitte Romania.
In terms of investment opportunities, assets associated with the digital economy are considered the most attractive this year, dethroning central office spaces (which come tenth globally), followed by building-to-rent and senior care centers.
The Deloitte 2024 Commercial Real Estate Outlook study was conducted among 750 commercial real estate companies with assets of over $50 million each, across three regions: Europe, North America and Asia-Pacific.
The information provided by KomuniK
Romanian deep-tech startup .lumen, the developer of what it says are the world’s first AI-powered glasses for the blind, has secured a new investment from EIT Urban Mobility, the European innovation community focused on advancing sustainable and inclusive urban mobility solutions. The value of the new funding round was not disclosed. The investment aligns with […]
The health spending per capita in Romania was the lowest in the EU, with spending less than half the EU average in 2023, the recently released report, State of Health in the EU - Romania Country Health Profile 2025, shows. At the same time, life expectancy in Romania is 5.1 years below the EU average, […]
Romania’s annual inflation rate stood at roughly 9.8% in November 2025, similar to October, according to data published by the National Institute of Statistics (INS). Food prices increased by 7.6% last month, while services rose roughly 11% and non-food goods climbed 10.7%. The consumer price index rose by 0.42% in November compared with October, while […]
Three French soldiers deployed in Romania as part of NATO’s Multinational Battle Group at Cincu intervened to save a truck driver following a serious traffic accident on the A3 Bucharest–Ploiești motorway, the Romanian Ministry of Defense said. The incident occurred earlier this week as the soldiers were traveling toward Ploiești and witnessed the truck crash...
Eight contemporary art galleries will present the works of the artists they represent at the third edition of the Smallest Art Fair in Town, an event dedicated to works on paper. This edition showcases works “investigating the state of wandering, disorientation, and rediscovery in the face of uncertainty.” Under the title In Dark Woods, A […]
Parents everywhere are asking an important question: What skills will truly prepare a child for a world defined by rapid change, global uncertainty, and the rise of artificial intelligence? For decades, schools focused entirely on academics. Today, research from neuroscience, performance psychology, and leading universities shows a different reality: The students who thrive long-term are […]
