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Office Market News

IWG opens Spaces flexible workspace in Vastint Business Garden building

International Workplace Group (IWG), leading provider of hybrid working solutions with brands such as Spaces and Regus, is opening a flexible workspace in Bucharest. Located in the Vastint Business Garden building, this new location is part of International Workplace Group’s plan to meet the rising demand for high-quality flexible workspace in the area.

Genesis Property appoints Flavia Schoech as Chief Operating Officer

With over 30 years of experience in the financial sector and hospitality industry, Flavia Schoech brings valuable expertise to the company's leadership team, contributing to Genesis Property's strategy of creating facilities, experiences, and communities tailored to people's work and lifestyle needs.

Griffes closes 2024 with record 85,000 sqm of office space transactions

Griffes real estate advisory firm reports a record-breaking 85,000 sqm of office space transactions in 2024.

Stabilized inflation, reduced interest rates and overall income growth drive European and Romanian Real Estate development opportunities in 2025

2025 marks a crucial stage for the European real estate market, which is undergoing a process of recovery and transformation. Favorable economic factors, such as stabilized inflation, reduced interest rates and increasing real incomes are strengthening this sector as a key pillar of the continental economy. Romania, as an integral part of the European market, is enjoying notable opportunities, but must address specific challenges to realize its potential.

Optimistic Outlook for the Romanian Real Estate Market in 2025

Investors are optimistic when it comes to their Romanian portfolios over the next 12 months, a clear improvement compared with the previous year. According to the 3rd edition of the Cushman & Wakefield Echinox “Real Estate Investors Sentiment Barometer” conducted among the main real estate investors and developers in Romania, 64% of respondents forecast an increase in portfolio values, 30% expect stagnation, while only 6% anticipate a decline.

Maidan moves its operations to a new space, with an event hall in Dageco Expozitiei Estate

Maidan rented a 1,460 sqm space in the Dageco Expozitiei Estate complex, for three functions: the company's offices, an event hall with a capacity of 170 people and the central catering kitchen.

Saint Roastery Opens a New Location in the Urban Garden of Business Garden Bucharest

Vastint Romania is thrilled to announce its new partnership with Saint Roastery, which will open its first urban café in the garden of Business Garden Bucharest.

Bucharest has one of the youngest office stocks in Europe, offering a competitive edge for new tenants

With an average age of approximately 11 years, the Bucharest office stock ranks among the youngest across Europe and the CEE region. This provides a significant advantage for landlords in attracting and retaining tenants, as the city’s office spaces are less likely to face obsolescence in terms of technology, construction quality and sustainability standards over the next 5 – 6 years, according to data from the Cushman & Wakefield Echinox real estate consultancy company.

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