Fortim Trusted Advisors’ presence at the ROFMA Caravan had two main directions: the educational component, through the course delivered by Costin Nistor, and the market analysis component, through the presentation held by Nicolae Ciobanu, focused on the evolution of the commercial real estate market in Bucharest compared with regional hubs, with a special focus on the market in Constanța and the seaside area.
Costin Nistor, Managing Director of Fortim Trusted Advisors, and Nicolae Ciobanu, Managing Partner – Head of Advisory, took part in the ROFMA Caravan events held in Constanța in April, a project dedicated to professional education, exchange of experience and networking among specialists in real estate, facility management and property management.
Costin Nistor delivered the introductory course in Property Management, offering participants a practical perspective on the management of commercial buildings. The discussions covered the role of the property manager in the efficient operation of a property, tenant relations, control of operating costs, preventive maintenance, budgeting, and the importance of transparent communication between owners, managers and occupiers. In a context where commercial buildings must meet increasingly high requirements related to efficiency, comfort and sustainability, property management is becoming an essential function in maintaining the value of real estate assets.
Nicolae Ciobanu complemented the program with a presentation dedicated to the real estate market, analyzing the differences between Bucharest and the regional centers.
An important point of the discussion was the evolution of operating costs for office buildings, namely the service charge, an indicator closely monitored by both owners and tenants.
According to data compiled by Fortim Trusted Advisors and presented during the conference, Bucharest recorded a slight increase over the past year, with the average service charge reaching EUR 4.25/sq m/month in Q1 2026, compared with EUR 3.9/sq m/month in 2025. By area, values vary depending on location and building specifics: in the Central area, the service charge increased from EUR 4.2 to EUR 4.8/sq m/month; in the CBD, from EUR 4.3 to EUR 5/sq m/month; in Floreasca–Barbu Văcărescu and South, from EUR 4.2 to EUR 4.4/sq m/month; and in Pipera and Pipera–Voluntari, from EUR 3.6 to EUR 3.8/sq m/month.
For Constanța, the range discussed was EUR 3–4/sq m/month, with an average of around EUR 3.7/sq m/month, a competitive level compared with Bucharest.
What is attracting investment in Constanța and on the seaside
The event also addressed the commercial investments made in recent years in Constanța and along the seaside, with examples relevant to regional market dynamics.
In the retail segment, one of the notable transactions was the Cora portfolio, which included Constanța and three other cities, a transaction completed in 2021, with Supernova as buyer. In the area of regional commercial assets, the discussions also included properties with mixed-use functions or conversion potential, reflecting investor interest in well-positioned properties with repositioning potential.
In the hotel segment, the seaside attracted several important transactions. These included Hotel Inter Venus / Hotel Carmen International, transacted in 2021, Hotel Becali / Inter in 2023, Pam Beach Olimp in 2024, Hotel Balada Saturn in 2025, and the Siret hotel complex, transacted in 2026. These examples confirm the steady interest in hotel assets in the Black Sea resorts, especially in the context of the region’s tourism potential and the opportunities for modernization or repositioning.
Fortim Trusted Advisors’ participation in the ROFMA Caravan in Constanța reflects the company’s involvement in the development of Romania’s professional real estate and property management community. Events like this create a valuable setting for dialogue between specialists, owners, managers, investors and service providers, contributing to a higher level of professionalism in the market.
We thank the ROFMA organizers for the invitation and for the initiative to bring together professionals from across the industry. We are pleased to be part of this networking and educational project and to contribute, through the experience of the Fortim Trusted Advisors team, to the development of a more transparent market, better informed and better connected to the current needs of the commercial real estate sector.
