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Office Market News

International Workplace Group partners with Vastint Romania to open a new coworking space in the Business Garden Bucharest complex

Vastint Romania announces a new strategic partnership with IWG, the global leader in hybrid workspace solutions, which will open a new Spaces location within the Business Garden Bucharest complex.

One Cotroceni Park will host the new headquarters of HIKVISION, a global leader in video surveillance products and solutions

One United Properties (BVB: ONE), the leading green investor and developer of residential, mixed-use, and office real estate in Romania, announces that HIKVISION, a global leader in video surveillance products and solutions, will open its new offices in the sustainable One Cotroceni Park building. The relocation was facilitated by CBRE Romania, a leading real estate consultancy company. The 1,330 square meter office space will support HIKVISION's expansion and operational needs, marking an important step in the company's growth in the Romanian market.

Andreea Comșa joins Speedwell as Commercial Director

SPEEDWELL Development, one of the leading real estate developers announces the consolidation of its management team by appointing Andreea Comșa as commercial director.

Office space fit-out costs have increased by 10-15% in the last year in Romania

Average costs for office space fit-outs in Romania are 10-15% higher than the previous year, primarily due to increased labor costs, according to a report by iO Partners. Despite this, Romania remains one of the most affordable countries in the EU for office fit-outs, with costs significantly lower than in Poland, the Czech Republic, or Western countries. The report, based on data from over 40 iO Partners projects, reflects recent market trends and the challenges companies face when designing office spaces.

Interviews

Optimal Office: The Newest Modern Solutions for Offices in Cluj-Napoca

In a constantly changing market, Optimal Office offers a flexible workspace adapted to the needs of modern companies. It's more than just an office – it's a place where efficiency and comfort meet to create an ideal work environment. We spoke with Ioana Marin, co-founder of Optimal Office, about the office concept and the advantages for its clients.

ESOP Consulting, one of the pioneers of modern office and industrial space brokers

ESOP Consulting is a reference company on the real estate market in Romania, being among the top 10 consulting companies in the office and industrial space segment, offering real estate consulting services for various types of properties, including offices, industrial properties and land. We spoke with Alexandru Petrescu, Managing Partner ESOP Consulting | CORFAC International, to learn in detail the ingredients of a successful local business in the field of premium real estate consulting, but also for a lesson in organization, vision and business clarity, useful for any real estate entrepreneur, as wel as for any company that has, at some point given, interference with the real estate market (whether it is the rent of a premises or the management of its own assets). And last but not least, to turn a page in the modern history of the real estate market in Romania.

Transactions

Date Business Center Tenant m2 Lessor
2024 Q4 Business Garden Bucharest International Workplace Group 1900 Vastint
2024 Q4 One Cotroceni Park HIKVISION 1330 CBRE Real Estate Consultancy
2024 Q4 United Business Center Tower Endava 4300 Colliers

More Transactions »

Best of 2024

  • Largest Rental:

    Hermes Business Campus - Griffes, with 29000m2 rented space

  • Most Active Office Building:

    Hermes Business Campus, 1 rentals, with 29000m2 rented space

  • Most Active Lessor:

    Griffes, 1 transactions, transactions total space: 29000 m2

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