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Office Market News

America House Office Building Welcomes VSR Canada and Ebury as New Tenants

America House, the iconic office building located in Victoriei Square, in the heart of Bucharest CBD, is pleased to announce the addition of two multinational financial services companies, VSR and Ebury, to its tenant mix. These multinational companies, known for their expertise in the financial services sector, have leased a combined 1,500 sqm of Class A office space, further enhancing America House's vibrant business community.

Cristina Lupașcu was appointed Head of Marketing at Cushman & Wakefield Echinox

Cristina joined Cushman & Wakefield Echinox in 2021 as Director PR & Research, being responsible for assisting both the PR & Marketing and Reserch departments. She has more than 20 years of experience in media and real estate.

The volume of pre-leases of office space fell by more than 50% in the period 2020-2023

The decrease in demand for office spaces in Bucharest following the pandemic period is reflected in the volume of pre-leases, which saw a reduction of over 50% between 2020 and 2023, according to an iO Partners study.

Liziera de Lac developed by Liebrecht & wooD will host co-working spaces in the Agora building

Liebrecht & wooD, the international real estate company with a rich history of transformative projects in Central and Eastern Europe since 1991, present in Romania for over two decades, is pleased to announce the completion and inauguration of the public services building known as the Agora at the Liziera de Lac residential complex.

Investments in ergonomics and design have increased by approximately 20%

Workspace Studio, specializing in high-quality office furniture and integrated office design projects, and a Certified Dealer of the MillerKnoll group in Romania, notes a transition this year towards projects where companies aim to maximize the value and quality obtained from a fixed budget. Budget-centred design reflects a growing trend among companies interested in superior solutions that support the modern office setup and employee activity.

Top regional centers for modern office rentals: 82% of all offices rented by companies outside Bucharest are in Cluj-Napoca

The total volume of office space rented outside the Capital is increasing. In the first three months of 2024 alone, modern offices were leased with a total area representing 47% of the total area transacted last year, in all major business centers.

Double EDGE and LEED green certification for the Palas Campus Iași office project

The Palas Campus office project in Iasi, part of the Iulius group's portfolio, obtained a double green certificate: EDGE, from the International Finance Corporation (IFC), and LEED Platinum, the maximum level of LEED certification granted by the U.S. Green Building Council.

Cushman & Wakefield Echinox registered a 15% revenue growth in 2023 in a stagnant market and now ranks 2nd among real estate consultancy companies in Romania

Cushman & Wakefield Echinox closed 2023 with a revenue of EUR 12 million, marking a 15% increase compared with the previous year. This impressive growth propelled the company to the second place among real estate consultants in Romania, in a year marked by a stagnation of this particular business segment.

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Alexandra Filip

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