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Office Market News

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.

Nestlé practices the hybrid way of working, in accordance with the preferences of the employees

Companies that offer employees the option to work, even partially, from home are much more attractive than those that have reverted to the traditional pre-pandemic office schedule. Consequently, one of the trends of 2024 in the recruitment market, from the perspective of candidates, is to change the full-time office job to one where work from home is allowed.

SVN Romania expands across borders and plans 15 new offices

Real estate consultant SVN Romania expanded its activity across borders by launching the SVN Overseas division, which offers consultancy and brokerage services for dozens of residential projects, of which about 20 exclusively for Romanian buyers. In addition, the company plans to expand in Romania through 15 new regional offices in the main regional economic centres but also in Bucharest and its surroundings.

Interviews

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.

Tenants search for flexible and tailor made office solutions, both in terms of space and lease

An interview with Fulga Dinu, Country Manager Operations at IMMOFINANZ Romania

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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