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Office Market News

What matters most when renting office space in 2024, in Romania and the European Union

In a survey by Fortim Trusted Advisors in Romania, 75% of respondents said the most important factors for tenants choosing office space were shops/services, restaurants/cafes and public transport.

Alfa Group bought the largest part of the IRIDE Park office project, located in the North of Bucharest, from CPI Property Group

Deloitte Romania assisted the Romanian entrepreneurial group Alfa Group in the acquisition of the largest part of the IRIDE Park project, located in the North of the Capital, along with two other properties in the proximity, from CPI Property Group, the Czech group that owns real estate projects in several countries in Central and Eastern Europe. The transaction was signed in October 2024.

Office market: About half of leases signed in Bucharest during first half of this year were renewals

Leasing activity in the Bucharest office market in the first half of 2024 saw new demand rise by 7% year-on-year, reaching 64,000 square meters, while total demand slightly decreased to 160,000 square meters, according to Colliers’ report on real estate market developments for the first half of the year.

Colliers' Construction division appointed Project Manager by Infineon Technologies for its new headquarters

German giant Infineon Technologies, a global semiconductor leader in power systems and IoT, has appointed Colliers as the project manager for its new Romanian headquarters, which will be built in the Dimitrie Pompeiu area of Bucharest by the leading real estate investor and developer One United Properties.

Interviews

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.

Hotspot Skyhub, office spaces for the future generation - interview with Tudor Popp, Founding Partner Hotspot

Hotspot Skyhub, the second professional Hotspot hub, located in Orhideea Towers, will open in the last quarter of 2022. We spoke to Tudor Popp, Founding Partner, about the challenges of this project and the details of the investment.

Transactions

Date Business Center Tenant m2 Lessor
2024 Q3 Miro Offices Radio ZU 1540 Hili Properties
2024 Q3 Arghezi 4 Sciccheria, Steam, Velocita, French Revolution 375 Cushman & Wakefield Echinox
2024 Q3 Sky Tower Flanco Retail 1150 Raiffeisen Property Holding International

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

Advice from Experts

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ADINA CAMARA

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ALEXANDRA FILIP

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